WorldCat Identities

Akerlof, George A. 1940-

Overview
Works: 123 works in 397 publications in 10 languages and 9,101 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
Animal spirits : how human psychology drives the economy, and why it matters for global capitalism by George A Akerlof( Book )

43 editions published between 2009 and 2014 in 5 languages and held by 2,023 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
Identity economics : how our identities shape our work, wages, and well-being by George A Akerlof( Book )

27 editions published between 2010 and 2013 in 7 languages and held by 1,115 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
Phishing for phools : the economics of manipulation and deception by George A Akerlof( Book )

20 editions published between 2015 and 2016 in English and Chinese and held by 1,008 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
An economic theorist's book of tales : essays that entertain the consequences of new assumptions in economic theory by George A Akerlof( Book )

22 editions published between 1984 and 1999 in English and held by 731 WorldCat member libraries worldwide

These essays explore what happens when a skilful economist makes unconventional assumptions. Economic theory has traditionally relied upon a tacit and 'classical' set of assumptions that have gradually acquired a life of their own in defining how economists write and how they justify economic models. Similarly, these assumptions have acquired an autonomous character: they guide the way economists think about the world. In consequence, consideration of alternative assumptions has become taboo. These essays are substantively and stylistically novel because they break these taboos and bring new assumptions into economic theory. The papers apply this adventurous approach to a wide range of issues - from insurance markets and trade in underdeveloped countries to unemployment and discrimination. Some of the essays derive the implications for economic markets of costly asymmetric information. Others explore the findings of other social sciences such as anthropology, psychology and sociology
Efficiency wage models of the labor market by George A Akerlof( Book )

27 editions published between 1981 and 2011 in English and held by 604 WorldCat member libraries worldwide

What have we learned? : macroeconomic policy after the crisis( Book )

13 editions published in 2014 in English and held by 398 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
Explorations in pragmatic economics : selected papers of George A. Akerlof (and co-authors) by George A Akerlof( Book )

25 editions published between 2003 and 2013 in 3 languages and held by 324 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 121 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."
Animal spirits : how human psychology drives the economy and why it matters for global capitalism by George A Akerlof( Recording )

8 editions published in 2009 in English and No Linguistic content and held by 93 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
Identity economics : how our identities shape our work, wages, and well-being by George A Akerlof( )

9 editions published between 2010 and 2015 in English and held by 60 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 14-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. Pedrople'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 )

4 editions published in 2016 in German and held by 37 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 by Howard R Vane( Book )

2 editions published in 2010 in English and held by 36 WorldCat member libraries worldwide

Waiting for work by George A Akerlof( Book )

6 editions published in 1990 in English and held by 33 WorldCat member libraries worldwide

Abstract: unemployment is due to rational waiting by workers looking for long-term jobs
Racconti di un Nobel dell'economia : asimmetria informativa e vita quotidiana by George A Akerlof( Book )

9 editions published between 1984 and 2014 in 3 languages and held by 32 WorldCat member libraries worldwide

These essays explore what happens when a skilful economist makes unconventional assumptions. Economic theory has traditionally relied upon a tacit and 'classical' set of assumptions that have gradually acquired a life of their own in defining how economists write and how they justify economic models. Similarly, these assumptions have acquired an autonomous character: they guide the way economists think about the world. In consequence, consideration of alternative assumptions has become taboo. These essays are substantively and stylistically novel because they break these taboos and bring new assumptions into economic theory. The papers apply this adventurous approach to a wide range of issues - from insurance markets and trade in underdeveloped countries to unemployment and discrimination. Some of the essays derive the implications for economic markets of costly asymmetric information. Others explore the findings of other social sciences such as anthropology, psychology and sociology
Dong wu ben neng : chong zhen quan qiu rong jing de jing ji xin si wei by Ai ke luo fu( Book )

3 editions published in 2010 in Chinese and held by 29 WorldCat member libraries worldwide

Workers' trust funds and the logic of wage profiles by George A Akerlof( Book )

8 editions published between 1988 and 1989 in English and held by 26 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
Do deferred wages dominate involuntary unemployment as a worker discipline device? by George A Akerlof( Book )

8 editions published in 1986 in English and Undetermined and held by 24 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
 
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Animal spirits : how human psychology drives the economy, and why it matters for global capitalism
Alternative Names
Akerlof , George

Akerlof, George 1940-

Akerlof, George A.

Akerlof, George Arthur

Akerlof, George Arthur 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 Amerikaans econoom

George Akerlof amerikansk ekonom

George Akerlof amerikansk økonom

George Akerlof economista e accademico statunitense

George Akerlof économiste américain

George Akerlof Nobel-díjas amerikai közgazdász

George Arthur Akerlof

Τζωρτζ Άκερλοφ

Τζωρτζ Άκερλοφ αμερικανός καθηγητής οικονομικών

Джордж Акерлоф американский экономист

Џорџ Акерлоф американски економист

Ջորջ Աքերլոֆ

ג'ורג' אקרלוף

جارج اکرلوف

جرج اکرلوف اقتصاددان آمریکایی

جورج أكرلوف

জর্জ একারলফ

ჯორჯ აკერლოფი

애커로프, 조지 A

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

Languages
English (190)

German (12)

Chinese (12)

Spanish (7)

French (5)

Italian (4)

Japanese (2)

Turkish (1)

Korean (1)

Dutch (1)

Covers
Identity economics : how our identities shape our work, wages, and well-beingAn 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 capitalismJames A. Mirrlees, William S. Vickrey, George A. Akerlof, A. Michael Spence and Joseph E. StiglitzRacconti di un Nobel dell'economia : asimmetria informativa e vita quotidiana