Akerlof illustrates how his 'modern', Nobel Prize-winning methodology of using 'tailor-made' economic models to solve problems differs from the standard, benchmark, all-encompassing general-equilibrium-perfect competition-based methodology.
Akerlof illustrates how his 'modern', Nobel Prize-winning methodology of using 'tailor-made' economic models to solve problems differs from the standard, benchmark, all-encompassing general-equilibrium-perfect competition-based methodology.
George A. Akerlof is Koshland Professor of Economics at the University of California, Berkeley, and the 2001 Nobel Laureate in Economics.
Inhaltsangabe
* Introduction * Part 1: Microeconomics * 1: George A. Akerlof: The Market for "Lemons": Quality Uncertainty and the Market Mechanism * 2: George A. Akerlof: The Economics of Caste and of the Rate Race and Other Woeful Tales * 3: George A. Akerlof: Discriminatory, Status-based Wages among Tradition-oriented, Stochastically Trading Coconut Producers * 4: George A. Akerlof and Rachel E. Kranton: Economics and Identity * 5: George A. Akerlof: The Economics of "Tagging" as Applied to the Optimal Income Tax, Welfare Programs, and Manpower Planning * 6: George A. Akerlof, Janet L. Yellen, and Michael L. Katz: An Analysis of Out-of-Wedlock Childbearing in the United States * 7: George A. Akerlof: Men Without Children * 8: George A. Akerlof and William T. Dickens: The Economic Consequences of Cognitive Dissonance * 9: George A. Akerlof: The Economics of Illusion * 10: George A. Akerlof: Procrastination and Obedience * 11: George A. Akerlof and Paul M. Romer: Looting: The Economic Underworld of Bankruptcy for Profit * Part 2: Macroeconomics * 12: George A. Akerlof: Relative Wages and the Rate of Inflation * 13: George A. Akerlof: The Microeconomic Foundations of a Flow of Funds Theory of the Demand for Money * 14: George A. Akerlof: Irving Fisher on his Head: The Consequences of Constant Threshhold-Target Monitoring of Money Holdings * 15: George A. Akerlof: Jobs as Dam Sites * 16: George A. Akerlof: Labor Contracts as Partial Gift Exchange * 17: George A. Akerlof and Janet L. Yellen: The Fair Wage-Effort Hypothesis anmd Unemployment * 18: George A. Akerlof and Janet L. Yellen: A Near-Rational Model of the Business Cycle, with Wage and Price Inertia * 19: George A. Akerlof, William T. Dickens, George L. Perry: The Macroeconomics of Low Inflation * 20: George A. Akerlof: Behavioral Macroeconomics and Macroeconomic Behavior
* Introduction * Part 1: Microeconomics * 1: George A. Akerlof: The Market for "Lemons": Quality Uncertainty and the Market Mechanism * 2: George A. Akerlof: The Economics of Caste and of the Rate Race and Other Woeful Tales * 3: George A. Akerlof: Discriminatory, Status-based Wages among Tradition-oriented, Stochastically Trading Coconut Producers * 4: George A. Akerlof and Rachel E. Kranton: Economics and Identity * 5: George A. Akerlof: The Economics of "Tagging" as Applied to the Optimal Income Tax, Welfare Programs, and Manpower Planning * 6: George A. Akerlof, Janet L. Yellen, and Michael L. Katz: An Analysis of Out-of-Wedlock Childbearing in the United States * 7: George A. Akerlof: Men Without Children * 8: George A. Akerlof and William T. Dickens: The Economic Consequences of Cognitive Dissonance * 9: George A. Akerlof: The Economics of Illusion * 10: George A. Akerlof: Procrastination and Obedience * 11: George A. Akerlof and Paul M. Romer: Looting: The Economic Underworld of Bankruptcy for Profit * Part 2: Macroeconomics * 12: George A. Akerlof: Relative Wages and the Rate of Inflation * 13: George A. Akerlof: The Microeconomic Foundations of a Flow of Funds Theory of the Demand for Money * 14: George A. Akerlof: Irving Fisher on his Head: The Consequences of Constant Threshhold-Target Monitoring of Money Holdings * 15: George A. Akerlof: Jobs as Dam Sites * 16: George A. Akerlof: Labor Contracts as Partial Gift Exchange * 17: George A. Akerlof and Janet L. Yellen: The Fair Wage-Effort Hypothesis anmd Unemployment * 18: George A. Akerlof and Janet L. Yellen: A Near-Rational Model of the Business Cycle, with Wage and Price Inertia * 19: George A. Akerlof, William T. Dickens, George L. Perry: The Macroeconomics of Low Inflation * 20: George A. Akerlof: Behavioral Macroeconomics and Macroeconomic Behavior
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