American economist born in New Haven (Connecticut) on June 17, 1940. Dedicated during his entire professional career to the University and research activity, since 1980 it is Professor of his discipline at the University of California at Berkeley. Its analytical work on the effects of the information society in the decisions of economic agents were recognized in the award of the Nobel Prize in economics 2001, award shared with the also U.S. analysts Michael Spenceand Joseph Stiglitz .
Degree in economics from Yale University in 1962 and PhD at the prestigious Massachusetts Institute of Technology in 1966, he/she began his teaching as an Associate Professor (1966-1970) and Associate Professor (1970-1977) at the University of California (Berkeley), where he/she won the square holder in 1977 and the Chair in 1980. It has also developed its work in other academic as the Indian Statistical Institute in New Delhi (1967-1968) and the London School of Economics (1978-1980). He/She also took part in the Council of economic advisers of the Government between 1973 and 1974 and worked as a research Economist in "Special studies section" the headquarters of the Federal Reserve between 1977 and 1978. Since 1994 he/she is member of the Brookings Institution and also belongs to the Canadian Institute of advanced research.
An expert in macroeconomics, monetary policy and financial markets, their research is introduced into sociology, psychology and anthropology to explain the interconnection in phenomena diverse as discrimination, unemployment, family problems or poverty. His studies on economic theory and its ties with social anthropology include the analysis of concrete realities such as difficulties for the elderly to obtain individual health insurance and discrimination suffered by minorities in the labour market.
In 2001 won the Nobel Prize "for its analytical work of markets with asymmetric information", i.e., those in which the various agents that Act on the same market handle different levels of information. The award recognized thus work Akerlof pioneered the demonstration of how asymmetric information which concessional lending institutions and their beneficiaries shot rates of interest on credits in the local markets of the third world.
Throughout his research career, Akerlof has received grants and awards from prestigious academic (Guggenheim, Fulbright). Part, among others, of the American Economic Association, of which he/she was Vice-President of the society of econometrics and the American Academy of Arts and Sciences.