Gary Becker
Gary Becker
Gary Stanley Becker was an American economist and a professor of economics and sociology at the University of Chicago. Described as “the most important social scientist in the past 50 years” by the New York Times, Becker was awarded the Nobel Memorial Prize in Economic Sciences in 1992 and received the United States Presidential Medal of Freedom in 2007...
NationalityAmerican
ProfessionTeacher
Date of Birth2 December 1930
CountryUnited States of America
training analysis cost
Human capital analysis starts with the assumption that individuals decide on their education, training, medical care, and other additions to knowledge and health by weighing the benefits and costs. Benefits include cultural and other non-monetary gains along with improvement in earnings and occupations, while costs usually depend mainly on the foregone value of the time spent on these investments.
art economy
Economy is the art of making the most of life.
law trying employment
Even a wizard would have a great deal of difficulty repealing the economic law that higher minimum wages reduce employment. Since politicians are not wizards, they should not try.
understanding behaviour economics
I am saying that the economic approach provides a valuable unified framework for understanding all human behaviour
self assumption behavior
Along with others, I have tried to pry economists away from narrow assumptions about self interest. Behavior is driven by a much richer set of values and preferences.
men effort different
My work on human capital began with an effort to calculate both private and social rates of return to men, women, blacks, and other groups from investments in different levels of education.
amount created crime crime-and-criminals determined economic environment including public social training
The amount of crime is determined not only by the rationality and preferences of would-be criminals, but also by the economic and social environment created by public policies, including expenditures on police, punishments for different crimes, and opportunities for employment, schooling, and training programs.