Apparently we dupes have been “exploited by marketers for decades.” Of course, actual markets reject the highly unoriginal musings of two economists making baseless claims. George A. Akerlof & Janet L. Yellen, 1990. Janet Yellen and husband Geroge Akerlof Joe Biden’s nominee for Treasury Secretary, Janet Yellen, is a typical over the top Keynesian in favor of mad money printing by the Federal Reserve but a bigger problem might be the influence of her husband, George Akerlof, on her thinking. She is great and totally appropriate, and I have already bloviated at length on that. Bloomberg failed again. As they see it we’re sitting ducks producing mindlessly before manipulation empties our pockets. Janet Yellen’s Husband, George Akerlof: 5 Fast Facts heavy.com - Erin Laviola. In the world of economics, George Akerlof achieved fame before his wife, Janet Yellen, but today all the attention is on her. When this marketing juggernaut rolled out New Coke in the 1980s, consumers very quickly rejected a disastrous attempt to alter the palates of the buying public. The Biggest Janet Yellen Red Flag Is George Akerlof. In Phishing for Phools, a 2015 book that George Akerlof co-authored with Robert Shiller, the authors wrote without even a hint of irony that people “do not do what is really good for them, they do not choose what they really want.” Please think about the previous bit of absurdity from the two economists. Important about all this is that Akerlof, the co-author of what might be one of the most ridiculous books on “economics” ever written, is married to Treasury secretary nominee Janet Yellen… John Tamny, research fellow of AIER, is editor of RealClearMarkets. In Efficiency Wage Models of the Labor Market, Akerlof and coauthor/former Fed Chair Janet Yellen propose rationales for the efficiency wage hypothesisin which e… © 2020 American Institute for Economic ResearchPrivacy Policy, AIER is a 501(c)(3) Nonprofit registered in the US under EIN: 04-2121305. Beyond that, the Times reports what is well known; that Yellen “is a Keynesian economist, which means she believes markets have imperfections and sometimes need to be rerouted or kick-started by government intervention.” Translated for the knuckle-draggers who don’t know what’s good for them, Yellen’s response to slow economic periods is even more muscular government control of resources always and everywhere produced in the private sector. It seems they didn’t know what was good for them either. No, life goes on. Not according to Akerlof and Shiller. The Biggest Janet Yellen Red Flag Is George Akerlof Tyler Durden Sun, 12/13/2020 – 14:45 Authored by John Tamny via RealClearMarkets.com, In Phishing for Phools, a 2015 book that George Akerlof … In Phishing for Phools, a 2015 book that George Akerlof co-authored with Robert Shiller, the authors wrote without even a hint of irony that people “do not do what is really good for them, they do not choose what they really want.” Please think about the previous bit of absurdity from the two economists. No signup or install needed. In a short book that remarkably took the authors five years to write, Shiller and Akerlof even made time to go after Cinnabon. Oh yes, that’s why the world’s poorest have been risking their lives for so long to get to the U.S. The main thing is that Akerlof and Shiller are gypping their readers when pretending they admire free markets. Website. The Biggest Janet Yellen Red Flag Is George Akerlof Authored by John Tamny via RealClearMarkets.com, In Phishing for Phools , a 2015 book that George Akerlof co-authored with Robert Shiller, the authors wrote without even a hint of irony that people “do not do what is really good for them, they do not choose what they really want.” Undoubtedly there are plenty of Democrats who wish they could “disappear” an article that Yellen co-authored with her husband George Akerlof for The Quarterly Journal of Economics in 1996. Janet Yellen has been married to George Akerlof for over 40 years, The couple tied the knot in the year 1978 when Janet was 32 years old. Mother Anna Ruth was an elementary school teacher Akerlof is a professor of Economics, Oxford Press. I comment Biden in the fall of 1977, and began their romance! All just a collection of idiots: Janet Yellen for over 40.! Even made time to go after Cinnabon a Creative Commons Attribution 4.0 International License, except where is! 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