Akerlof And Kratom Quotes

By making the birth of the child the physical choice of the mother, the sexual revolution has made marriage and child support a social choice of the father. ~ George A. 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

When you give chief executives too much compensation in stock options, they concentrate too much on the stock price, and there is a perverse incentive to raise the stock price, particularly when the chief executive wants to exercise his own options. ~ 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

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

Keynesian economics has always been needed. ~ George Akerlof

When men do all the outside work, they contribute on average about 10 percent of housework. But as their share of outside work falls, their share of housework rises to no more than 37 percent. ~ George Akerlof

My father was a chemist on the Yale faculty, my mother a housewife. ~ George Akerlof

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

Parents don't take a baby's temperature to decide whether the room is too warm; likewise, for global warming, we need a story that spurs us to do what is necessary. ~ George Akerlof