Gary Becker

Economist Sociologist American 1930 – 2014

Applied economics to human behavior, crime, education, and family.

383 quotes

"History teaches us about institutional patterns but not specific futures."
History
"The strength of nations depends on the human capital of their citizens."
Strength
"Free choice produces better outcomes than paternalism across most domains."
Freedom
"The fear of failure often prevents the attempt that would succeed."
Fear
"Beauty has economic value because people willingly pay for it."
Beauty
"The discipline to say no to good opportunities is what enables focus."
Wisdom
"Power without accountability inevitably becomes corrupted."
Power
"Imagination is the foundation of all innovation and progress."
Imagination
"Health investments in youth yield returns across an entire lifetime."
Health
"Adventure requires balancing the thrill of discovery against real risks."
Adventure
"The best careers align personal strengths with market demand."
Work
"Dreams require economic resources and realistic planning to achieve."
Dreams
"Humor often works by revealing hidden truths we prefer to ignore."
Humor
"Justice systems succeed when incentives align punishment with offense severity."
Justice
"Patience is rational when waiting increases the value of outcomes."
Patience
"Kindness creates positive externalities that benefit the whole community."
Kindness
"Technology changes how we work but not why we value work."
Technology
"The allocation of time is perhaps even more important than the allocation of money."
Time
"Human capital is the most important form of capital in modern economies."
Education
"Economic analysis can be applied to nearly all human behavior, not just market transactions."
Science
"People invest in their own skills and knowledge just as they invest in physical capital."
Work
"The family is an economic unit that produces many of life's most important goods."
Family
"Discrimination is economically irrational in competitive markets."
Justice
"Crime is a choice made by individuals weighing costs and benefits."
Philosophy
"Education increases both earning potential and the capacity to appreciate life's non-monetary rewards."
Knowledge
"Addiction can be understood through rational choice theory if we account for changing preferences."
Science
"The value of leisure time is often underestimated in economic analysis."
Happiness
"Marriage is an economic arrangement as much as an emotional one."
Relationships
"Children represent a significant investment in human capital and future utility."
Family
"Social interactions have measurable economic value that standard markets don't capture."
Work