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George Akerlof

Iraq: The Cost of Building a Failed State

Steve H. Hanke | Posted 06.17.2014 | World
Steve H. Hanke

President Obama announced to Congress yesterday that he is deploying 275 military personnel to Iraq to secure the American embassy in Baghdad. Here we go, again.

What If George Akerlof Had Written About Lethal 'Lemons'?

William K. Black | Posted 06.29.2013 | Business
William K. Black

If you have studied economics at the university level in the last 35 years, it is likely you were introduced to the concept of "asymmetrical information" and George Akerlof's famous 1970 article on markets for "lemons."

Corporate Austerity Not the Answer in 2012

Harlan Green | Posted 04.03.2012 | Business
Harlan Green

How to cure the record income inequality that has resulted from so much power going to Wall Street and the corporations? At least, let us return to the income tax brackets that brought so much prosperity to the middle class during the 1960s and 1970s. What were they?

New Economic Thinking Conference To Shatter Illusion of Control

Steve Clemons | Posted 06.07.2011 | Politics
Steve Clemons

As INET Executive Director Rob Johnson said, "last year's conference punctured the mystique of market stability (not to mention real events). This year, the conference will shatter the illusion of control."

Soros Battles Free Market Zealots With New Fund, Economic Journal: Newsweek

newsweek.com | Michael Hirsh | Posted 05.25.2011 | Business

Large swaths of economics are going to have to be rethought on the basis of what's happened." So said Larry Summers, President Obama's chief economic ...

The Hidden Payoff from Cash for Clunkers

Eric Schurenberg | Posted 05.25.2011 | Business
Eric Schurenberg

To the extent that the Clunkers program gave Americans a reason to believe that things can return to normal and to that the government has a handle on recovery, it was a pretty good investment.