Phrase by 'George Akerlof'
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My mother, whose interest in chemistry was rather minimal, nevertheless went to graduate school in the subject and married my father, for whom it was as important as life itself.
Author: George Akerlof - American EconomistLife , Father , School , Mother
My brother Carl became a physicist; I became an economist.
Author: George Akerlof - American EconomistBrother , Became , Economist , Physicist
The failure of credit markets is one of the major reasons for underdevelopment.
Author: George Akerlof - American EconomistFailure , Reasons , Credit , Markets
In the late 1960s, the New Classical economists saw the same weaknesses in the microfoundations of macroeconomics that have motivated me. They hated its lack of rigor. And they sacked it.
Author: George Akerlof - American EconomistMe , New , Late , Economists
Prior to the early 1960s, economic theorists rarely constructed models customized to capture unique institutions or specific market characteristics.
Author: George Akerlof - American EconomistEarly , Unique , Capture , Economic
In New Classical theory, periods of declining employment - business cycle downturns - may be caused by an unexpected decline in aggregate demand, which leaves workers mistakenly holding out for nominal wages that exceed the new market-clearing level.
Author: George Akerlof - American EconomistNew , Business , Out , Unexpected
I would never have been a good reporter because I am not accurate regarding facts.
Author: George Akerlof - American EconomistNever , I Am , Good , Facts
Parents don't take a baby's temperature to decide whether the room is too warm; likewise, for global warming, we need a story that spurs us to do what is necessary.
Author: George Akerlof - American EconomistStory , Parents , Baby , Global Warming
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