TagPrize

market for lemons

market for lemons  n.— Note: Coined by George Akerlof, who won a Nobel Prize in Economics for the paper he wrote that popularized the term. «Indeed, it would seem that a “market for lemons” is rapidly developing in credit...

ambulance chasing

ambulance chasing  n.— «In 1977, Steven Weinberg, then two years shy of the Nobel Prize in Physics, decided to do a little of what some theorists call “ambulance chasing.” He heard a rumor, while spending a year at Stanford, that...

Recent posts