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17 Splendid Gary S. Becker Quotes

Gary S. Becker was an American economist and professor of economics and sociology at the University of Chicago. Considered to be one of the most important social scientists over the past five decades, Becker made great impacts in his life. From various approaches to human behavior and social economics, he received the Nobel Prize in 1992. Here is a listing to some of the most notable Gary S. Becker quotes ever documented.

“A stronger yuan could lead to greater Chinese asset accumulation in the U.S. and elsewhere.”

“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.”

“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.”

“Different constraints are decisive for different situations, but the most fundamental constraint is limited time.”

“Economy is the art of making the most of life.”

“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.”

“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.”

“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.”

“I am saying that the economic approach provides a valuable unified framework for understanding all human behaviour.”

“I argued last year on my shared blog that selling the right to immigrate would be the best approach to legal immigration.”

“I was not sympathetic to the assumption that criminals had radically different motivations from everyone else.”

“My work on human capital began with an effort to calculate both private and social rates of return to men, women, blacks, and other groups from investments in different levels of education.”

“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. ”

“Still, intuitive assumptions about behavior is only the starting point of systematic analysis, for alone they do not yield many interesting implications. ”

“The most fundamental constraint is limited time.”

“The Treatise tries to analyze not only modern Western families, but also those in other cultures and the changes in family structure during the past several centuries.”

“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?”

Gary Becker participates in this segment with host Harry Kreisler for a Conversations with History featuring. Discussions some of his earlier intellectual work, Becker takes the audience on a journey to some of his most prominent influences and early studies.

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