George A. Akerlof





George A. Akerlof


Born
in New Haven, Connecticut, The United States
June 17, 1940

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George A. Akerlof is a Professor of Economics at the University of California, Berkeley, and 2001 Nobel Laureate in Economics.

Average rating: 3.66 · 3,343 ratings · 213 reviews · 10 distinct works · Similar authors
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Phishing for Phools: The Ec...

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Identity Economics: How Our...

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Explorations in Pragmatic E...

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What Have We Learned?: Macr...

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Pescando Tolos

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Essential Readings in Econo...

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3.50 avg rating — 2 ratings — published 1995 — 3 editions
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“The economic system is filled with trickery, and everyone needs to know that. We all have to navigate this system in order to maintain our dignity and integrity, and we all have to find inspiration to go on despite craziness all around us. We wrote this book for consumers, who need to be vigilant against a multitude of tricks played on them. We wrote it for businesspeople, who feel depressed at the cynicism of some of their colleagues and trapped into following suit out of economic necessity. We wrote it for government officials, who undertake the usually thankless task of regulating business. We wrote it for the volunteers, the philanthropists, the opinion leaders, who work on the side of integrity. And we wrote it for young people, looking ahead to a lifetime of work and wondering how they can find personal meaning in it. All these people will benefit from a study of phishing equilibrium—of economic forces that build manipulation and deception into the system unless we take courageous steps to fight it. We also need stories of heroes, people who out of personal integrity (rather than for economic gain) have managed to keep deception in our economy down to livable levels. We will tell plenty of stories of these heroes.”
George A. Akerlof, Phishing for Phools: The Economics of Manipulation and Deception

“By making the birth of the child the physical choice of the mother, the sexual revolution has made marriage and child support a social choice of the father.”
George A. Akerlof

“The winning electoral strategy with phishable voters is threefold: 1. Publicly, proclaim policies that will appeal to the typical voter on issues that are salient to her, and where she will be well informed. 2. But on other issues, where the typical voter is ill informed, but where potential campaign donors are well informed, take the stance that appeals to donors. Publicize this stance to would-be contributors, without broadcasting it widely to the general public. 3. Use the contributions from these “special-interest groups” for campaigning that increases popularity among the regular run of voters, who are more likely to vote for someone who “mows their lawn on TV.”
George A. Akerlof, Phishing for Phools: The Economics of Manipulation and Deception



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