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
Gary Becker quotes about
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.
economy freshmen including investors respond tax teach workers
That's what we teach all freshmen -- that investors and workers and everyone else in an economy respond in an important way to incentives, including tax incentives.
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.
among compete critically depends developed disappears due employers eventually firm literature nature potential prejudice production tastes whether
A literature has developed on whether discrimination in the marketplace due to prejudice disappears in the long run. Whether employers who do not want to discriminate will eventually compete away all discriminating employers depends not only on the distribution of tastes for discrimination among potential employers, but critically also on the nature of firm production functions.