1. Quotes
  2. Authors
  3. George Akerlof

George Akerlof Quotes

George Arthur Akerlof is an American economist who is a university professor at the McCourt School of Public Policy at Georgetown University and Koshland Professor of Economics Emeritus at the University of California, Berkeley. He won the 2001 Nobel Memorial Prize in Economic Sciences .



Wikipedia  

✵ 17. June 1940
George Akerlof photo
George Akerlof: 1   quote 0   likes

George Akerlof Quotes

“To understand the economy then is to comprehend how it is driven by the animal spirits. Just as Adam Smith’s invisible hand is the keynote of classical economics, Keynes’ animal spirits are the keynote to a different view of the economy — a view that explains the underlying instabilities of capitalism.”

George Akerlof book Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism

George Akerlof and Robert Shiller. Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism, 2009, Preface

Understanding , Animals

Similar authors

Thomas J. Sargent photo
Thomas J. Sargent 10
American economist
Paul A. Samuelson photo
Paul A. Samuelson 47
American economist
Paul Krugman photo
Paul Krugman 106
American economist
Theodore Schultz photo
Theodore Schultz 15
American economist
Douglass C. North photo
Douglass C. North 18
American Economist
Joseph E. Stiglitz photo
Joseph E. Stiglitz 39
American economist and professor, born 1943.
Elinor Ostrom photo
Elinor Ostrom 4
American political economist
Amartya Sen photo
Amartya Sen 31
Indian economist
Kenneth Arrow photo
Kenneth Arrow 37
American economist
Friedrich Hayek photo
Friedrich Hayek 79
Austrian and British economist and Nobel Prize for Economic…