The following statement was issued today by University of California President Richard C. Atkinson on the announcement that George A. Akerlof was a recipient of the 2001 Nobel Prize for economic sciences.

Richard C. Atkinson
President, University of California

"I am proud that UC professor George Akerlof has been awarded the 2001 Nobel Prize for economic sciences in recognition of his landmark research on the forces that explain how markets work. This extraordinary honor is a tribute to the originality, vigor, and excellence of his research and to the remarkable quality of the Berkeley campus. I am delighted to extend the congratulations of the entire UC community to our newest Nobel Laureate."