"A vast confusion of vows, wishes, actions, edicts, petitions, lawsuits, pleas, laws, proclamations, complaints, grievances, are daily brought to our ears. "
"A vast confusion of vows, wishes, actions, edicts, petitions, lawsuits, pleas, laws, proclamations, complaints, grievances, are daily brought to our ears. "
Nice note on the publishing history of Akerlof's classic "The Market for Lemons" paper (1970).
Rejected by two top journals for being "trivial", and a third for being "incorrect".
Today one of the "most-cited papers in modern economic theory" (and possibly anywhere? Google scholar reports 48,913 citations as of today)
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