id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
en-wikipedia-org-2353		George Akerlof - Wikipedia			.html	text/html	3654	497	67	George Arthur Akerlof (born June 17, 1940) is an American economist who is a university professor at the McCourt School of Public Policy at Georgetown University and Koshland Professor of Economics Emeritus at the University of California, Berkeley.[2][3] He won the 2001 Nobel Memorial Prize in Economic Sciences (shared with Michael Spence and Joseph E. Akerlof is perhaps best known for his article, "The Market for Lemons: Quality Uncertainty and the Market Mechanism", published in Quarterly Journal of Economics in 1970, in which he identified certain severe problems that afflict markets characterized by asymmetric information, the paper for which he was awarded the Nobel Memorial Prize.[10] In Efficiency Wage Models of the Labor Market, Akerlof and coauthor/former Fed Chair Janet Yellen propose rationales for the efficiency wage hypothesis in which employers pay above the market-clearing wage, in contradiction to the conclusions of neoclassical economics.	./cache/en-wikipedia-org-2353.html	./txt/en-wikipedia-org-2353.txt