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George Akerlof Econ 490 fall 2017

I am a student in Professor Arvan's Econ 490 class, writing under my alias to protect my privacy, using the name of a famous economist as part of the alias..

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September 08, 2017

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Organizations and Transaction Costs

September 18, 2017

Last summer I interned at a company named Impact Hub. Impact Hub has different HUB (name given to branches) locations around the world with each branch focusing on a certain aspect. However, the overall goal of Impact Hub is to offer their services as a n innovation lab, a business Incubator, a social enterprise community center and a unique ecosystem of resources, inspiration, and collaboration opportunities to grow the positive impact of your work targeted to entrepreneurs and startups at different stages. This really interested me because I aspire to become an entrepreneur and hope that one day I can have the ability to work for myself and grow my own business rather than having to work for someone else. I worked at the Impact Hub - Dubai branch and things were a little different here. The company's main business and focus was on renting out office space to new startups that needed a small place to work. There were two options - either a general co-working space where...

George Akerlof

September 09, 2017

George Arthur Akerlof was born on June 17, 1940, in New Haven, Connecticut. Akerlof is an American economist who received his Bachelor’s degree from Yale in 1962, and his Ph.D. in economics from MIT in 1966 , the same year he became an assistant professor at Berkeley. It was during these years that Akerlof began conducting his extensive research in Keynesian macroeconomics. He became a full professor in 1978 and taught at the London School of Economics from 1978-80. Professor Akerlof is a 2001 recipient of the Alfred E. Nobel Prize in Economic Science; he was honored for his theory of asymmetric information and its effect on economic behavior. He is also the 2006 President of the American Economic Association, and is on the North American Council of the Econometric Association. During his first year at Berkeley that, he wrote “The Market for Lemons: Quality Uncertainty and the Market Mechanism,” in which he coined the term “lemon” for a car with hidde...