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Gary Becker

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Gary Becker

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Also known as Gary Stanley Becker

American economist (1930-2014)

AI overview

Gary Becker was an American economist who lived from 1930 to 2014 and fundamentally changed how economics is applied to everyday life by studying topics like education, crime, and family decisions using economic tools. His work matters because it expanded economics beyond business and markets to show how economic thinking could explain human behavior in many different areas of society.

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Person · Open Library

Works
7

Top works

  • New Voice for Teachers
  • Price Theory
  • New Economics of Human Behaviour
  • Economics and the Good Life
  • Bribe third world parents to keep their kids in school

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Music · MusicBrainz

Type
Person
Country
US
Active from
1950-02-20
Active to
2017-09-03

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Listeners · Last.fm

Listeners
4
Total plays
4

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Quotes

  • [ Milton Friedman was] the dominant member of the so-called Chicago school of economics [during his tenure at Chicago]... The economics department increasingly reflected his approach and interests. These included deep commitment to the truth, appreciation of markets and free enterprise, frank and blunt discussion, and enormous zeal to convince the heathen. But most important was the commitment to economic analysis as a powerful instrument for interpreting economic and social life.
  • [A] revenue-neutral carbon tax would benefit all Americans by eliminating the need for costly energy subsidies while promoting a level playing field for energy producers.
  • An efficient marriage market develops ‘‘shadow’’ prices to guide participants to marriages that will maximize their expected well-being. These prices, central to the analysis in this chapter and the subsequent one, are responsible for the more powerful implications found in these chapters than in traditional discussions of marriage. Some other approaches are evaluated in Chapter 4.
  • The phrase ‘marriage market’ is used metaphorically and signifies that the mating of human populations is highly systematic and structured.
  • The bumping of lower-quality men out of their marriages through competitive reductions in the incomes of higher-quality men continues until the incomes of the lowest quality men are reduced to their single levels.
  • [Gale and Shapley assumed that each person has] a given ranking [among] potential mates that determines rather than is determined by the equilibrium sorting.

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Wikidata facts

Image
GaryBecker-May24-2008.jpg
Show 5 more facts
date of death
2014-05-03
date of birth
1930-12-02
Commons category
Gary Becker
name in native language
Gary Becker
Sources (10)

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Article

Gary Stanley Becker (/ˈbɛkər/; December 2, 1930 – May 3, 2014) was an American economist who received the 1992 Nobel Memorial Prize in Economic Sciences. He was a professor of economics and sociology at the University of Chicago, and was a leader of the third generation of the Chicago school of economics.

Becker was awarded the Nobel Memorial Prize in Economic Sciences in 1992 and received the United States Presidential Medal of Freedom in 2007. A 2011 survey of economics professors named Becker their favorite living economist over the age of 60, followed by Kenneth Arrow and Robert Solow. Economist Justin Wolfers called him "the most important social scientist in the past 50 years."

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