Akerlof Quotes

My brother Carl became a physicist; I became an economist. — George Akerlof

Prior to the early 1960s, economic theorists rarely constructed models customized to capture unique institutions or specific market characteristics. — George Akerlof

The only way we are going to ameliorate pressing social needs is through public intervention. — George Akerlof

My father was a chemist on the Yale faculty, my mother a housewife. — George Akerlof

I would never have been a good reporter because I am not accurate regarding facts. — George Akerlof

I've always been a macroeconomist. That's what I teach. And I guess that's what I've been concerned with ever since I've been very young. — George Akerlof

Keynesian economics has always been needed. — George Akerlof

The whole intention of empirical economics is to force theory down to Earth. — George Akerlof

I think what Bob Shiller and I are doing is we're focusing on macroeconomics and the role of psychology in macroeconomics. — George Akerlof

[A]n important new book ... Professor Akerlof and Rachel Kranton have invented Identity Economics. — Daniel Finkelstein

The failure of credit markets is one of the major reasons for underdevelopment. — George Akerlof