An Economic Theorist's Book of Tales
An Economic Theorist's Book of Tales explores what happens when a skillful economist makes unconventional assumptions. These essays are substantively and stylistically novel because they break taboos and bring new assumptions into economic theory. The papers apply this adventurous approach to a wide range of issues—from insurance markets and trade in underdeveloped countries to unemployment and discrimination. Others explore the findings of other social sciences such as anthropology, psychology, and sociology.
Praise for An Economic Theorist's Book of Tales
"These essays show how much good can come from combining skillful economic analysis with a willingness to take seriously the elementary facts of social life. Many of us pay lip service to that ideal; George Akerlof is one of the few who actually live up to it, with fascinating results."
— Robert M. Solow, Massachusetts Institute of Technology