Gary Becker

Economist Sociologist American 1930 – 2014

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

383 quotes

"Fertility decline is rational when the costs of raising children increase relative to benefits."
Change
"Discrimination in hiring persists when employers have imperfect information about productivity."
Justice
"Investment in appearance and social presentation is economically rational."
Beauty
"The return to education varies with labor market conditions and individual ability."
Education
"Trust reduces transaction costs and enables more efficient economic interaction."
Peace
"Individuals rationally specialize in activities where they have comparative advantage."
Work
"The cost-benefit analysis implicit in human behavior is often highly sophisticated."
Wisdom
"Immigration responds to expected earnings differentials between locations."
Motivation
"The value of social connections multiplies when they connect across diverse groups."
Friendship
"Age effects on earnings reflect human capital accumulation and depreciation patterns."
Success
"The intergenerational transmission of poverty reflects gaps in human capital investment."
Education
"Rational decision-making under uncertainty requires assessing probabilities and payoffs carefully."
Courage
"The household production function reveals how time and market goods combine to create welfare."
Family
"Occupational segregation by gender reflects both choices and constraints."
Justice
"Social movements succeed when they reduce the perceived cost of participation."
Motivation
"The value of leisure is not captured by market prices but affects well-being significantly."
Happiness
"Talent allocation across occupations improves when information about opportunities improves."
Knowledge
"The productivity of time investment in children shows exponential returns early in life."
Family
"Rational individuals update their beliefs when presented with reliable evidence."
Truth
"The accumulation of specific human capital ties workers to particular employers."
Work
"Market mechanisms for valuing future benefits reveal time preferences across populations."
Philosophy
"Inequality within families can exceed inequality between families in some dimensions."
Family
"The demand for education increases when returns to it rise relative to costs."
Education