Origin
The use of the word 'lemon' to describe a highly flawed item predates its use in describing cars, and can be traced back to the beginning of the 20th century as a British and American slang. Julian Koenig used the term to refer to a defective model in Volkswagen's 1950s Think Small advertising campaign.
Economist George Akerlof has also been credited with coining the term in his 1970 paper "The Market for Lemons: Quality Uncertainty and the Market Mechanism." Akerlof identified the severe lemon problems that may afflict markets characterized by asymmetrical information. A study of rejections of important economic papers noted that before Akerlof's paper was accepted, The first lemon law was proposed in California in 1980.
Read more about this topic: Lemon (automobile)
Famous quotes containing the word origin:
“Someone had literally run to earth
In an old cellar hole in a byroad
The origin of all the family there.
Thence they were sprung, so numerous a tribe
That now not all the houses left in town
Made shift to shelter them without the help
Of here and there a tent in grove and orchard.”
—Robert Frost (1874–1963)
“Art is good when it springs from necessity. This kind of origin is the guarantee of its value; there is no other.”
—Neal Cassady (1926–1968)
“The essence of morality is a questioning about morality; and the decisive move of human life is to use ceaselessly all light to look for the origin of the opposition between good and evil.”
—Georges Bataille (1897–1962)