Friday, June 17, 2011
Akerlof says the topic that has motivated him the most over his 40-year career is unemployment. “I have always thought of unemployment as a terrible thing. In fact that has been the motivation for almost everything I have ever written. A person without a job loses not just his income but often the sense that he is fulfilling the duties expected of him as a human being.” Moreover, he says it has long been his “dream” to have a macroeconomics grounded in the “full range of human emotions and actions: fairness, confidence, greed, identity, procrastination.” To continue reading check the F&D profile.
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