George Akerlof, a Nobel laureate in economics, is Professor of Economics at the University of California, Berkeley. His most recent book, co-authored with Rachel E. Kranton, is Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being.
A great strength of economics is its ability to examine how decisions are made from the point of view of decision makers. But in most economic analysis, the decision makers’ point of view is quite nar… read more
If science is defined by its ability to forecast the future, the failure of much of the economics profession to see the crisis coming should be a cause of great concern. But there is, in fact, a much … read more
