George Akerlof Zitate auf Englisch

Zitat des Tages von George Akerlof:

I think what Bob Shiller and I are doing is we're focusing on macroeconomics and the role of psychology in macroeconomics.

In the late 1960s, the New Classical economists saw the same weaknesses in the microfoundations of macroeconomics that have motivated me. They hated its lack of rigor. And they sacked it.

George Akerlof

My mother, whose interest in chemistry was rather minimal, nevertheless went to graduate school in the subject and married my father, for whom it was as important as life itself.

George Akerlof

The whole intention of empirical economics is to force theory down to Earth.

George Akerlof

In New Classical theory, periods of declining employment - business cycle downturns - may be caused by an unexpected decline in aggregate demand, which leaves workers mistakenly holding out for nominal wages that exceed the new market-clearing level.

George Akerlof

I think what Bob Shiller and I are doing is we're focusing on macroeconomics and the role of psychology in macroeconomics.

George Akerlof

Prior to the early 1960s, economic theorists rarely constructed models customized to capture unique institutions or specific market characteristics.

George Akerlof

Keynesian economics has always been needed.

George Akerlof

I've always been a macroeconomist. That's what I teach. And I guess that's what I've been concerned with ever since I've been very young.

George Akerlof