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.
Still, intuitive assumptions about behavior is only the starting point of systematic analysis, for alone they do not yield many interesting implications.
Cricket is the greatest game that the wit of man has yet devised.- Sir Pelham Warner
Advertising is selling Twinkies to adults.- Donald R. Vance
The struggle of the male to learn to listen to and respect his own intuitive, inner prompt...- Herb Goldberg
Each generation of the church in each setting has the responsibility of communicating the ...- Francis Schaeffer
Each had defended his own country; the Germans Germany, the Frenchmen France; they had don...- Ernst Toller
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|Birth:||2nd December, 1930|
|Death:||3rd May, 2014|
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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