An Economic Theorist's Book of Tales
Author: George A. Akerlof
List Price: $28.00
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ISBN: 0521269334
Publisher: Cambridge University Press (26 October, 1984)
Sales Rank: 218,048
Average Customer Rating: 5 out of 5
Customer Reviews
Rating: 5 out of 5
Akerlof Entertains While Educating
Beautifully simple models to explain common phenomena economically. Why do the values of used cars depreciate so much relative to new? (and why are there so many that are "lemons"). Does it make sense to use statistical indicators (e.g., be racist or otherwise biased)? When? Lots of simple models in the spirit of Becker. A must read.
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