Tags » George Akerlof

Ralph Nader: Activist or Sexist?; $40 billion Profits? Bank on it; No Bling in Tiffany Earnings

Oh no he didn’t! 

She may be considered dovish by investors and economists but when Janet Yellen fires back, you better watch out. Case in point: Ralph Nader, whose main claim to fame is his failed presidential bid. 782 more words

Why everybody loves credit cards

Recently I went looking for a new Wi-Fi data card. I quickly decided on what I wanted, and put up the necessary papers required. When I was ready to pay using a debit card, I was told that there would be a 2% charge if I decided to pay using either a credit or a debit card. 632 more words

Bangalore Mirror

What bankrupt Indian business groups can learn from Genghis Khan

Over the last few years, Credit Suisse has brought out an interesting series of reports titled the “House of Debt”. The latest version of the report was released last week. 1,155 more words


The 5 biggest ripoffs consumers face today

Adam’s Smith’s “invisible hand” of the marketplace is perhaps the single most captivating metaphor in all of economics. The idea that all of society can be made better off by the self-interested behavior of its constituents was revolutionary for its time, and it undergirds free-market philosophy to this day. 220 more words


Animal Spirits

I recently read Animal Spirits by Akerlof and Shiller and thought it was a great book. Although Keynes popularised the term ‘animal spirits’, he defined it loosely as the emotions which drive confidence cycles. 370 more words

Looking back: Real estate crash of 1997 reminds us prices can fall by 50%

Vivek Kaul

In response to a column I wrote yesterday many people wrote in saying that real estate prices never fall. Some others said that real estate prices cannot fall in India because India has a huge population, there is scarcity of land, and there is inflation and a lot of black money. 1,231 more words