# George Akerlof
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George Arthur Akerlof (born June 17, 1940) 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 (shared with Michael Spence and Joseph E. Stiglitz).
== Early life and education ==
Akerlof was born in New Haven, Connecticut, United States, the son of Rosalie Grubber (née Hirschfelder) and Gösta Åkerlöf, who was a chemist and inventor.
5 - The Market for Lemons
IT support is tricky for most businesses, especially for those not in the IT business. Thus, IT is a cost of doing business and a high cost at that. High costs drive down profits. Less profit makes it harder for businesses to invest in the products or services that they're making and selling. Retai…
365 - Consumer Sentiment and the Markets - What Every Small Business Should Know
We're exploring the connection between consumer sentiment and market performance. Consumer confidence can significantly influence a business's performance, and understanding this relationship can help you make smarter, more strategic decisions.
Book mentioned in this episode: Animal Spirits: How H…
365 - Consumer Sentiment and the Markets - What Every Small Business Should Know
We're exploring the connection between consumer sentiment and market performance. Consumer confidence can significantly influence a business's performance, and understanding this relationship can help you make smarter, more strategic decisions.
Book mentioned in this episode: Animal Spirits: How H…
1910: The Most Powerful Woman in U.S. Economic History, Janet Yellen (Encore)
As Treasury Secretary, former Federal Reserve Chairwoman and Chair of the White House Council of Economic Advisers, Janet Yellen is one the most powerful woman in American economic history. Award-winning economics writer and author Jon Hilsenrath joins with insights about her life and work from his…
AA257 - State of Agile Report 2026: Is the Industry a 'Market for Lemons'?
Is the State of Agile Report a clear-eyed snapshot of the industry - or a sales brochure? In this episode of Arguing Agile, hosts Product Manager Brian Orlando and Enterprise Business Agility Consultant Om Patel are joined by returning guest Ed Martin to dissect the 18th State of Agile Report from …
Why Customers Struggle to Trust Auto Repair [E240]
![Why Customers Struggle to Trust Auto Repair [E240]](https://cdn-images-3.listennotes.com/podcasts/diagnosing-the/why-customers-struggle-to-cp5OlVhI-f9-mqQS2Kj4HyY.300x300.jpg)
Thanks to our Partners, Pico Technology, and Autel
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In this episode, Matt Fanslow continues the conversation around game theory and economics in the automotive repair industry, focusing on one of the biggest invisible forces affecting customer trust: information asymmetry.
A…
The Person You're Trying to Become
West Point economist Dean Dudley on how the best leaders reduce ambiguity, shape who their people become, and turn conflict into a problem disciplined thinking can actually solve.
Dr. Dean Dudley retires from West Point this month after 33 years teaching economics and game theory to more than 33,…
Information Asymmetry: The Hidden Force Behind Everyday Deals
Why do a used-car lot, a lease, and a job offer all feel a little rigged in the same way? This episode on information asymmetry breaks down how unequal information shapes everyday deals, market failure, adverse selection, trust, and prices — and shows you how to spot the imbalance before it costs y…
The Waste Word: What "Reusable" on a Vape Doesn't Tell You
"Reusable" on a UK vape was written, in law, to mean less landfill. It is now the word on the shelf — answering a question it was never asked.
In this episode, we debate: when a word at the point of sale is legally accurate but answers a different question from the one the shopper is actually askin…
LFP 136: Steve Keen - Will economists destroy capitalism?
Our guest today is Professor Steve Keen, an economist and author best known for his long-standing critique of mainstream neoclassical economics. He was one of the relatively few economists to warn publicly, in advance, of the dangers that culminated in the 2008 Global Financial Crisis. In 2010 he r…
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