WorldCat Identities

Akerlof, George A. 1940-

Overview
Works: 226 works in 609 publications in 9 languages and 10,651 library holdings
Genres: History 
Roles: Author, Editor, Other
Classifications: HB74.P8, 330.122019
Publication Timeline
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Most widely held works by George A Akerlof
Identity economics : how our identities shape our work, wages, and well-being by George A Akerlof( )

32 editions published between 2010 and 2013 in 6 languages and held by 2,328 WorldCat member libraries worldwide

"In 1995, economist Rachel Kranton wrote future Nobel Prize-winner George Akerlof a letter insisting that his most recent paper was wrong. Identity, she argued, was the missing element that would help to explain why people--facing the same economic circumstances--would make different choices. This was the beginning of a fourteen-year collaboration--and of Identity Economics. Identity economics is a new way to understand people's decisions--at work, at school, and at home. With it, we can better appreciate why incentives like stock options work or don't; why some schools succeed and others don't; why some cities and towns don't invest in their futures--and much, much more. Identity Economics bridges a critical gap in the social sciences. It brings identity and norms to economics. People's notions of what is proper, and what is forbidden, and for whom, are fundamental to how hard they work, and how they learn, spend, and save. Thus people's identity--their conception of who they are, and of who they choose to be--may be the most important factor affecting their economic lives. And the limits placed by society on people's identity can also be crucial determinants of their economic well-being."--Jacket
Animal spirits : how human psychology drives the economy, and why it matters for global capitalism by George A Akerlof( Book )

56 editions published between 2009 and 2016 in 4 languages and held by 2,180 WorldCat member libraries worldwide

The global financial crisis has made it painfully clear that powerful psychological forces are imperiling the wealth of nations today. From blind faith in ever rising housing prices to plummeting confidence in capital markets, "animal spirits" are driving financial events worldwide. In this book, the authors, both economists, challenge the economic wisdom that got us into this mess, and put forward a bold new vision that will transform economics and restore prosperity. They reassert the necessity of an active government role in economic policymaking by recovering the idea of "animal spirits", a term John Maynard Keynes used to describe the gloom and despondence that led to the Great Depression and the changing psychology that accompanied recovery. Like Keynes, they know that managing these animal spirits requires the steady hand of government; simply allowing markets to work won't do it. In rebuilding the case for a more robust, behaviorally informed Keynesianism, they detail the most pervasive effects of animal spirits (i.e. human psychology), in contemporary economic life, such as confidence, fear, bad faith, corruption, a concern for fairness, and the stories we tell ourselves about our economic fortune, and show how Reaganomics, Thatcherism, and the rational expectations revolution failed to account for them. The authors then offer a road map for reversing the financial misfortunes besetting us today; they teach how leaders can channel animal spirits, the powerful forces of human psychology that are afoot in the world economy today, and making them work for and not against us
Phishing for phools : the economics of manipulation and deception by George A Akerlof( Book )

22 editions published between 2015 and 2016 in English and held by 1,538 WorldCat member libraries worldwide

Akerlof and Shiller argue that markets harm as well as help us. As long as there is profit to be made, sellers will systematically exploit our psychological weaknesses and our ignorance through manipulation and deception. Based on the intuitive idea that markets both give and take away, they show how phishing affects everyone, in almost every walk of life. We spend our money up to the limit, and then worry about how to pay the next month's bills. The financial system soars, then crashes. In exploring the role of manipulation and deception, the authors explain a paradox: why, at a time when we are better off than ever before in history, all too many of us are leading lives of quiet desperation
What have we learned? : macroeconomic policy after the crisis by George A Akerlof( )

16 editions published between 2014 and 2016 in English and held by 1,175 WorldCat member libraries worldwide

Since 2008, economic policymakers and researchers have occupied a brave new economic world. Previous consensuses have been upended, former assumptions have been cast into doubt, and new approaches have yet to stand the test of time. Policymakers have been forced to improvise and researchers to rethink basic theory. George Akerlof, Nobel Laureate and one of this volume's editors, compares the crisis to a cat stuck in a tree, afraid to move. In April 2013, the International Monetary Fund brought together leading economists and economic policymakers to discuss the slowly emerging contours of the macroeconomic future. This book offers their combined insights. The editors and contributors--who include the Nobel Laureate and bestselling author Joseph Stiglitz, Federal Reserve Vice Chair Janet Yellen, and the former Governor of the Bank of Israel Stanley Fischer--consider the lessons learned from the crisis and its aftermath. They discuss, among other things, post-crisis questions about the traditional policy focus on inflation; macroprudential tools (which focus on the stability of the entire financial system rather than of individual firms) and their effectiveness; fiscal stimulus, public debt, and fiscal consolidation; and exchange rate arrangements
An economic theorist's book of tales : essays that entertain the consequences of new assumptions in economic theory by George A Akerlof( Book )

44 editions published between 1984 and 2014 in 6 languages and held by 816 WorldCat member libraries worldwide

These essays explore what happens when a skilful economist makes unconventional assumptions
Efficiency wage models of the labor market by George A Akerlof( Book )

34 editions published between 1986 and 2011 in English and held by 684 WorldCat member libraries worldwide

This volume explores the reasons why there are labour market equilibria with employers preferring to pay wages in excess of the market-clearing wage and thereby explains involuntary unemployment. The book brings together a number of the important articles on efficiency wage theory
Explorations in pragmatic economics : selected papers of George A. Akerlof (and co-authors) by George A Akerlof( Book )

28 editions published between 2003 and 2013 in 3 languages and held by 436 WorldCat member libraries worldwide

This collection of Akerlof's most important papers provide both an introduction to his 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. The collection closes with Akerlof's 2001 Nobel Lecture, in which he arguesthat it is imperative that macroeconomics be considered inherently behavioral
Les esprits animaux comment les forces psychologiques mènent la finance et l'économie by George A Akerlof( Book )

5 editions published between 2009 and 2013 in French and held by 126 WorldCat member libraries worldwide

La 4e de couverture indique : "La vision (libérale) de marchés capables de s'autoréguler, avec des acteurs sérieux opérant des choix rationnels, a été mise à mal par la crise économique et financière. L'économie réelle est bizarre, incertaine, irrégulière, et ne doit pas faire abstraction de nos "esprits animaux". Les esprits animaux, ce sont les facteurs psychologiques qui influencent notre économie, sa part d'incohérence et d'instabilité naturelles - et souhaitables! Car si l'incertitude qu'elle génère, à certaines périodes, nous paralyse, elle se révèle, à d'autres, stimulante et féconde. On doit la théorie des esprits animaux à Keynes. Akerlof et Schiller, deux des économistes les plus respectés aujourd'hui, présentent et expliquent comment ces forces irrationnelles et inconscientes font et défont nos économies. Comment adviennent les crises? Quel est le pouvoir réel des banques centrales? Qu'est-ce qui explique l'instabilité récurrente des marchés financiers? D'où vient le caractère cyclique du marché immobilier? Le chômage est-il inéluctable? ... Revisitant les grands épisodes de l'histoire économique, cet ouvrage examine les réponses possibles à la crise et offre une autre vision de l'économie - plus réelle, et plus humaine."
Workers' trust funds and the logic of wage profiles by George A Akerlof( )

10 editions published between 1988 and 1989 in English and held by 84 WorldCat member libraries worldwide

This paper defines a concept, a worker's trust fund, which is useful in analyzing optimal age-earnings profiles. The trust fund represents what a worker loses if dismissed from a job for shirking. In considering whether to work or shirk, a worker weighs the potential loss due to forfeiture of the trust fund if caught shirking against the benefits from reduced effort. This concept is used to show that the implicit bonding in upward sloping age-earnings profiles is not a perfect substitute for an explicit upfront performance bond (or employment fee). It is also shown that the second-best optimal earnings profile in the absence of an upfront employment fee pays total compensation in excess of market clearing in a variety of stylized cases
Waiting for work by George A Akerlof( )

8 editions published in 1990 in English and held by 84 WorldCat member libraries worldwide

This paper explains upward job mobility and observed patterns of unemployment by skill as an economy recovers from a recession. Skilled unemployment is due to rational waiting by workers looking for long-term jobs when there is a "lock-in" effect. Lock-in occurs if the conditions in the labor market when a worker first accepts a job have a persistent effect on wages. Using longitudinal data, we provide empirical evidence of the cyclical pattern of wages predicted by the theory and also of lock-in
Identity economics : how our identities shape our work, wages, and well-being by George A Akerlof( )

14 editions published between 2010 and 2015 in English and held by 82 WorldCat member libraries worldwide

In 1995, economist Rachel Kranton wrote future Nobel Prize-winner George Akerlof a letter insisting that his most recent paper was wrong. Identity, she argued, was the missing element that would help to explain why people - facing the same economic circumstances - would make different choices. This was the beginning of a fourteen-year collaboration-and of Identity Economics. Identity economics is a new way to understand people's decisions-at work, at school, and at home. With it, we can better appreciate why incentives like stock options work or don't, why some schools succeed and others don't, why some cities and towns don't invest in their futures - and much, much more. Identity Economics bridges a critical gap in the social sciences. It brings identity and norms to economics. People's notions of what is proper, and what is forbidden, and for whom, are fundamental to how hard they work, and how they learn, spend, and save. Thus people's identity-their conception of who they are, and of who they choose to be-may be the most important factor affecting their economic lives. And the limits placed by society on people's identity can also be crucial determinants of their economic well-being
Do deferred wages dominate involuntary unemployment as a worker discipline device? by George A Akerlof( )

9 editions published in 1986 in English and Undetermined and held by 78 WorldCat member libraries worldwide

In the most widely analyzed type of efficiency wage model of involuntary unemployment, firms pay wages in excess of market clearing to give workers an incentive not to shirk. Such payments in excess of market clearing and the resultant equilibrium unemployment act as a worker discipline device. This paper concerns what is usually considered the most important theoretical criticism of such models: the so-called bonding argument. The essence of the bonding critique is that contracts whereby workers pay a bond to the firm upon taking a job (or pay an employment fee to gain employment) can eliminate involuntary unemployment. Explicit upfront bonds are only quite rarely observed. A more subtle form of the bonding critique argues that implicit bonding through upward sloping wage profiles and other deferred payment schemes can perfectly substitute for upfront bonds in providing incentives not to shirk and thereby allow the labor market to clear. This paper shows that upward sloping wage profiles do not act as a perfect substitute for explicit bonds in a natural extension of the shirking model in which workers are finite lived, the monitoring of worker behaviors on the job is costly, and firms have reputations for honesty as employers. In the absence of direct upfront bonding, optimal payment schedules will be in excess of market clearing. The reason why upward sloping wage profiles that are market clearing will not generally be the optimal labor contract is simple: delayed payment may provide sufficient incentive to prevent shirking late in the life of the contract, but in the beginning of the contract it does not prevent shirking. And it turns out in a variety of stylized cases, it is cheaper for the firm to pay a wage premium rather than to accept worker shirking early in the contract. The implications of potential worker malfeasance in the absence of explicit bonds for compensation schedules, job assignments, and firm monitoring strategies over the course of a worker's career are also analyzed
Beetles : biased promotions and persistence of false belief by George A Akerlof( )

6 editions published in 2017 in English and held by 78 WorldCat member libraries worldwide

This paper develops a theory of promotion based on evaluations by the already promoted. The already promoted show some favoritism toward candidates for promotion with similar beliefs, just as beetles are more prone to eat the eggs of other species. With such egg-eating bias, false beliefs may not be eliminated by the promotion system. Our main application is to scientific revolutions: when tenured scientists show favoritism toward candidates for tenure with similar beliefs, science may not converge to the true paradigm. We extend the statistical concept of power to science: the power of the tenure test is the probability (absent any bias) of denying tenure to a scientist who adheres to the false paradigm, just as the power of any statistical test is the probability of rejecting a false null hypothesis. The power of the tenure test depends on the norms regarding the appropriate criteria to use in promotion and the empirical evidence available to apply these criteria. We find that the scientific fields at risk of being captured by false paradigms are those with low power. Another application is to hierarchical organizations: egg-eating bias can result in the capture of the top of organizations by the wrong-minded
Identity economics warum wir ganz anders ticken, als die meisten Ökonomen denken by George A Akerlof( Book )

1 edition published in 2011 in German and held by 77 WorldCat member libraries worldwide

Marchés de dupes : l'économie du mensonge et de la manipulation by George A Akerlof( Book )

4 editions published in 2016 in French and held by 73 WorldCat member libraries worldwide

La 4e de couverture indique : "Personne n'a envie de se faire arnaquer. Pourtant, c'est ce qui nous arrive tous les jours : abonnements trop coûteux, médicaments inutiles voire dangereux, produits ou services faussement innovants, crédits bancaires pourris, etc. Loin d'être accidentels, le mensonge et la manipulation sont intrinsèques à l'économie. Pourquoi? Parce que, contrairement à ce que postulait Adam Smith, l'équilibre de marché n'est pas nécessairement optimal (la fameuse "main invisible"). La concurrence des marchés est telle que toute occasion de profit est systématiquement exploitée, résultant trop souvent en un marché de dupes. Comprendre les mécanismes qui nous conduisent à prendre de mauvaise décisions économiques - des biais psychologiques aux dissymétries informationnelles -, tel est l'objectif de ce livre écrit par deux prix Nobel d'économie. Levant le voile sur l'étendue et les conséquences pour la collectivité des dommages produits par les marchés, ils réclament fermement des politiques de régulation plus efficaces."
Animal spirits : how human psychology drives the economy and why it matters for global capitalism by George A Akerlof( Recording )

9 editions published in 2009 in English and No Linguistic content and held by 73 WorldCat member libraries worldwide

The global financial crisis has made it painfully clear that powerful psychological forces are imperiling the wealth of nations today. From blind faith in ever-rising housing prices to plummeting confidence in capital markets, "animal spirits" are driving financial events worldwide
De economie van list en bedrog by George A Akerlof( Book )

4 editions published between 2017 and 2018 in Dutch and held by 57 WorldCat member libraries worldwide

Uitleg van de lagen en listen waarmee verkopers van diensten en producten inspelen op de psychische zwakheden van kopers
Identity economics how our identities shape our work, wages, and well-being by George A Akerlof( )

3 editions published in 2010 in English and held by 53 WorldCat member libraries worldwide

Identity Economics provides an important and compelling new way to understand human behavior, revealing how our identities--and not just economic incentives--influence our decisions. In 1995, economist Rachel Kranton wrote future Nobel Prize-winner George Akerlof a letter insisting that his most recent paper was wrong. Identity, she argued, was the missing element that would help to explain why people--facing the same economic circumstances--would make different choices. This was the beginning of a fourteen-year collaboration--and of Identity Economics. The authors explain how our conception of who we are and who we want to be may shape our economic lives more than any other factor, affecting how hard we work, and how we learn, spend, and save. Identity economics is a new way to understand people's decisions--at work, at school, and at home. With it, we can better appreciate why incentives like stock options work or don't; why some schools succeed and others don't; why some cities and towns don't invest in their futures--and much, much more. Identity Economics bridges a critical gap in the social sciences. It brings identity and norms to economics. People's notions of what is proper, and what is forbidden, and for whom, are fundamental to how hard they work, and how they learn, spend, and save. Thus people's identity--their conception of who they are, and of who they choose to be--may be the most important factor affecting their economic lives. And the limits placed by society on people's identity can also be crucial determinants of their economic well-being
Phishing for fools Manipulation und Täuschung in der freien Marktwirtschaft by George A Akerlof( Book )

3 editions published in 2016 in German and held by 52 WorldCat member libraries worldwide

Seit Adam Smith ist eine der zentralen Thesen der Wirtschaftswissenschaften, dass freie Märkte und freier Wettbewerb die besten Voraussetzungen für allgemeinen Wohlstand sind. Die Wirtschaftsnobelpreisträger George Akerlof und Robert Shiller argumentieren dagegen, dass Märkte nicht von sich aus gutartig sind und sich auch nicht immer die besten Produkte durchsetzen. Die Autoren behandeln in diesem Buch erstmals die zentrale Rolle von Manipulation und Täuschung in der Wirtschaft. Anhand von zahlreichen Fallbeispielen zeigen sie, wie wir verleitet werden, mehr Geld auszugeben, als wir haben; wie wir von Werbung stärker beeinflusst werden, als wir glauben; warum wir oft zu viel bezahlen und wie massiv die Politik durch Wirtschaft beeinflusst wird. Was ist besonders? Zwei Wirtschaftsnobelpreisträger widerlegen die These der selbstregulierenden Märkte. Wer liest? • Alle, die sich für Verhaltensökonomie, freie Marktwirtschaft oder Wirtschaftstheorie interessieren
James A. Mirrlees, William S. Vickrey, George A. Akerlof, A. Michael Spence and Joseph E. Stiglitz( Book )

2 editions published in 2010 in English and held by 47 WorldCat member libraries worldwide

 
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Animal spirits : how human psychology drives the economy, and why it matters for global capitalism
Covers
Animal spirits : how human psychology drives the economy, and why it matters for global capitalismAn economic theorist's book of tales : essays that entertain the consequences of new assumptions in economic theoryEfficiency wage models of the labor marketExplorations in pragmatic economics : selected papers of George A. Akerlof (and co-authors)Animal spirits : how human psychology drives the economy and why it matters for global capitalismIdentity economics how our identities shape our work, wages, and well-beingJames A. Mirrlees, William S. Vickrey, George A. Akerlof, A. Michael Spence and Joseph E. Stiglitz
Alternative Names
Akerlof , George

Akerlof, George 1940-

Akerlof, George A.

Akerlof, George Arthur

Akerlof, George Arthur 1940-

Akjerlof, Zhorzh A. 1940-

Arthur Akerlof, George

Corc Akerlof

Džordžs Akerlofs

George A. Akerlof

George A. Akerlof amerikansk økonom

George A. Akerlof amerykański ekonomista, noblista

George A. Akerlof US-amerikanischer Wirtschaftswissenschaftler

George Akerlof American economist and Koshland Professor of Economics

George Akerlof americký ekonóm

George Akerlof Amerikaans econoom

George Akerlof amerikansk ekonom

George Akerlof amerikansk økonom

George Akerlof economista e accademico statunitense

George Akerlof economista estadounidense

George Akerlof économiste américain

George Akerlof ekonom, nositel Nobelovy ceny

George Akerlof Nobel-díjas amerikai közgazdász

George Arthur Akerlof

Τζωρτζ Άκερλοφ

Τζωρτζ Άκερλοφ αμερικανός καθηγητής οικονομικών

Джордж Акерлоф американский экономист

Џорџ Акерлоф американски економист

Җорҗ Акерлоф

Ջորջ Աքերլոֆ

ג'ורג' אקרלוף

جارج اکرلوف

جرج اکرلوف اقتصاددان آمریکایی

جورج أكرلوف

জর্জ একারলফ

জর্জ একারলফ অর্থনীতিতে নোবেল পুরষ্কার বিজয়ী

ჯორჯ აკერლოფი

애커로프, 조지 A. 1940-

애컬로프, 조지 아서 1940-

조지 애컬로프

アカロフ, ジョージ・A

ジョージ・アカロフ

乔治·阿克洛夫

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