I've always been a macroeconomist. That's what I teach. And I guess that's what I've been concerned with ever since I've been very young.

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• George Akerlof:

  Keynesian economics has always been needed.

• George Akerlof:

  When you give chief executives too much compensation in stock options, they concentrate too much on

• George Akerlof:

  The only way we are going to ameliorate pressing social needs is through public intervention.

• George Akerlof:

  The whole intention of empirical economics is to force theory down to Earth.

• George Akerlof:

  When men do all the outside work, they contribute on average about 10 percent of housework. But as

• George Akerlof:

  The idea is that in any situation, people have a notion as to who they are and how they should beha

• George Akerlof:

  My father was a chemist on the Yale faculty, my mother a housewife.

• George Akerlof:

  My Swedish grandmother was the daughter of a dairy farmer who lived near Hedemora. My Swedish grand

• George Akerlof:

  My mother, whose interest in chemistry was rather minimal, nevertheless went to graduate school in

• George Akerlof:

  My brother Carl became a physicist; I became an economist.