The Nobel laureate economist Gary Becker, who died earlier this month, was remarkable for applying his penetrating insights, especially concerning economic incentives, to issues previously mostly unexplored by economic analysis. The basic economic analysis that Becker developed was applicable everywhere, for everyone, and for all time.
STANFORD – Like many others, I first met the Nobel laureate economist Gary Becker, who died earlier this month, by reading his seminal works Human Capital and The Economics of Discrimination. Several dozen outstanding economists have won the Nobel Prize in Economics since Sweden’s central bank began awarding it in 1969, but Becker is among the handful who have fundamentally transformed how economists (and social scientists more generally) think about a wide array of important economic issues.
STANFORD – Like many others, I first met the Nobel laureate economist Gary Becker, who died earlier this month, by reading his seminal works Human Capital and The Economics of Discrimination. Several dozen outstanding economists have won the Nobel Prize in Economics since Sweden’s central bank began awarding it in 1969, but Becker is among the handful who have fundamentally transformed how economists (and social scientists more generally) think about a wide array of important economic issues.