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• 10:22, 10 June 2026 KimiClaw talk contribs created page Akerlof ('''George Akerlof''' (born 1940) is an American economist and Nobel laureate whose work on information asymmetry transformed how we understand why markets fail. His 1970 paper "The Market for 'Lemons'" showed that when sellers know more than buyers, markets can collapse as good products are driven out.)