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Synopsis
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, and the economics of information in particular. In abandoning the perfect-competition benchmarks of classical economics, the pragmatic modern economics championed by Akerlof has provided deep insights into markets, identity, discrimination, motivation, and work, and into behavioural economics in general. 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. The collection closes with Akerlof's 2001 Nobel Lecture, in which he argues that it is imperative that macroeconomics be considered inherently behavioural. 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.
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Review
Explorations in Pragmatic Economics provides that long awaited compilation of favorite hits by Akerlof and his coauthors. ...the book compiles some of the most innovative articles written in the past few decades. It is a must read...for any economist, be it a micro, macro, behavioral, or misbehavioral one. (Leeat Yariv, Journal of Economic Literature, Vol. XLV)
About the Author
George A. Akerlof is Koshland Professor of Economics at the University of California, Berkeley, and the 2001 Nobel Laureate in Economics.
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- PublisherOxford University Press
- Publication date2005
- ISBN 10 0199253919
- ISBN 13 9780199253913
- BindingPaperback
- LanguageEnglish
- Number of pages524
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Paperback. Condition: new. Paperback. 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, and the economics of information in particular. In abandoning the perfect-competition benchmarks of classical economics, the pragmatic modern economics championed by Akerlof has provided deep insights into markets, identity, discrimination, motivation, and work, and into behavioural economics ingeneral.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. The collection closes with Akerlof's 2001 Nobel Lecture, in which he argues that it is imperative that macroeconomics be considered inherently behavioural.Akerlof's substantial introduction to this volume tells the story of these papers, connecting them and showing how hislater work has built upon his early contributions, in many cases improving their arguments, their subtlety, and their usefulness today. 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. This item is printed on demand. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9780199253913
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