In 1993 Akerlof and Paul Romer brought forth "Looting: The Economic Underworld of Bankruptcy for Profit", describing how under certain conditions, owners of corporations will decide it is more profitable for them personally to 'loot' the company and 'extract value' from it instead of trying to make it grow and prosper.
I 1993 udgav Akerlof og Paul Romer Looting: The Economic Underworld of Bankruptcy for Profit, som beskrev, hvordan det under visse betingelser er fordelagtigt for selskabsejere at 'plyndre' deres eget selskab, dvs. trække de vigtigste værdier ud af det i stedet for at forsøge at lade det trives og vokse.