Rachel Kranton
Economist, Academic
Who is Rachel Kranton?
Rachel E. Kranton is an American economist and James B. Duke Professor of Economics at Duke University. She is a Fellow of the Econometric Society and 2010 recipient of the Blaise Pascal Chair. Kranton's research focuses on how social institutions impact economic outcomes, and has applications in a variety of fields within economics, such as economic development, international economics, and industrial organization.
More specifically, Kranton studies social networks and develops formal theories of how social networks affect economic behavior, the effects of buyer-seller networks, institutions in colonial India, and reciprocal exchange.
In a long-term collaboration, Kranton and George Akerlof of University of California, Berkeley introduce social identity into formal economic analysis. Akerlof and Kranton recently published a book, Identity Economics, which provides a comprehensive and accessible discussion of their research. In a review for Science, Robert Sugden writes: "Nonspecialist readers will find a lot of insightful and well-informed analysis of how issues of identity have an impact on real economic problems." Bloomberg lists Identity Economics as one of the top 30 business books of 2010.
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