They talk a good game, but economists hardly know enough about business cycles to figure out where they come from, let alone where they’re going.
Gary Becker Quotes
Still, intuitive assumptions about behavior is only the starting point of systematic analysis, for alone they do not yield many interesting implications.
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| Birth: | 2nd December, 1930 |
| Death: | 3rd May, 2014 |
| Nationality: | American |
| Profession: | Economist, Professor |
About
Gary Stanley Becker was born in Pottsville, Pennsylvania, USA. He was an American economist and a professor of economics and sociology at the University of Chicago. He was one of the first economists to branch into what were traditionally considered topics belonging to sociology, including racial discrimination, crime, family organization, and drug addiction. He was known for arguing that many different types of human behavior can be seen as rational and utility maximizing. He was awarded the Nobel Memorial Prize in Economic Sciences in 1992 and received the United States Presidential Medal of Freedom in 2007.
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