People

George Akerlof

George Akerlof

Formal First Name
George
Dates
1940 - present

George A. Akerlof is the recipient of the 2001 Nobel Prize in Economics, along with fellow MIT greats Spence and Stiglitz. He was honored for his theory of information asymmetry and its impact on economic behavior. He is also lauded for his efficiency wage hypothesis, which indicates that wages are set by the efficiency goals of execs in addition to supply and demand forces.

Professional Experience


Academic History

HONORS AND AWARDS: