Explorations in Pragmatic Economics

by George A. Akerlof

For twenty years since the publication of his seminal paper "The Market for 'Lemons'", George A. Akerlof's work has changed the way we see economics. This collection of Akerlof's most important papers provide both an introduction to Akerlof's work and a grounding in modern economics. Divided into two broad areas, micro- and macroeconomics, they cover the economics of information; the theory of unemployment; macroeconomic equilibria; the demand for money; psychology and economics; and the nature of discrimination and other social issues. Akerlof's substantial introduction to this volume tells the story of these papers, connecting them and showing how his later work has built upon his early contributions, in many cases improving their arguments, their subtlety, and their usefulness today.

Genres: Economics

528 pages, Hardcover

First published May 21, 2005

About the author

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