I also ask the question whether Akerlof’s famous article on “lemons” might have had even greater impact and might have led to broader and more effective policies if he had discussed the lethal nature ...

George Akerlof (married to Janet Yellen as it happens) won his Nobel largely for a paper called the Market for Lemons. No, it's not about the market for citrus fruits, it's about the problems that can ...

In 1970, Nobel laureate George Akerlof’s seminal essay “The Market for Lemons” described a situation when consumers can no longer distinguish between a high or low-quality product, inevitably driving ...

See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. Whom to trust? That question had become so hard to answer by the middle ...

What links an angry queue outside a branch of Northern Rock with a financier unwilling to lend to a colleague at another bank? More than one might think. Red braces are hardly de rigeur on Tyneside, ...