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
chinese greater yuan
A stronger yuan could lead to greater Chinese asset accumulation in the U.S. and elsewhere.
commitment controls fair given illegal jobs legal likely men persons preference stem strict study wise women younger
Is it fair or wise to place strict controls on legal immigration when little is done to stem illegal entry? Preference should be given to younger persons who will get jobs and are likely to make a long-term commitment to the country, such as the many men and women who want to study at American universities.
understanding behaviour economics
I am saying that the economic approach provides a valuable unified framework for understanding all human behaviour
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.
fundamentals different limited-time
Different constraints are decisive for different situations, but the most fundamental constraint is limited time.
commitment years long
I argued last year on my shared blog that selling the right to immigrate would be the best approach to legal immigration. Among other benefits, the revenue from immigrants' payments could reduce taxes. Paying for the right to immigrate would also negate the argument that immigrants get a free ride when they gain health care and other benefits. Moreover, making immigrants pay would attract the type of immigrants who came much earlier in American history: young men and women who are reasonably skilled and want to make a long-term commitment to the United States.
motivation criminals different
I was not sympathetic to the assumption that criminals had radically different motivations from everyone else.
punishment economics type
Fines are preferable to imprisonment and other types of punishment because they are more efficient. With a fine, the punishment to offenders is also revenue to the State.
marriage children fighting
Why in almost all societies have married women specialized in bearing and rearing children and in certain agricultural activities, whereas married men have done most of the fighting and market work?