Gary Becker

Economist Sociologist American 1930 – 2014

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

383 quotes

"Leisure time becomes more valuable as we grow older and wealthier."
Life
"The family is humanity's most durable economic institution."
Family
"Risk-taking in youth is rational given long time horizons ahead."
Courage
"Consumer behavior reveals more truth than what people say they believe."
Truth
"Monopolies persist because they control valuable intellectual property."
Power
"Wage discrimination creates inefficiencies that ultimately harm all parties."
Justice
"The value of networking lies in reducing information search costs."
Relationships
"Suicide rates reflect economic despair and social disconnection."
Hope
"Self-control is a form of human capital that can be developed."
Strength
"Obesity is partly an economic problem of cheap, high-calorie food."
Health
"The most valuable knowledge is often tacit and difficult to teach formally."
Knowledge
"Institutions shape incentives, and incentives shape behavior."
Leadership
"Fertility decisions are fundamentally economic decisions about resource allocation."
Family
"The growth of cities reflects gains from density and specialization."
Work
"Boredom is a signal that current activities yield insufficient utility."
Happiness
"Mentorship is an investment in others' human capital."
Leadership
"Consumer preferences are revealed through choices, not through surveys."
Wisdom
"The earnings premium for education reflects both skill and signaling."
Education
"Social capital—relationships and trust—is as important as financial capital."
Friendship
"Stress and anxiety often reflect trying to do too much with limited time."
Peace
"The decision to pursue higher education should account for opportunity costs."
Education
"Discrimination in hiring is economically irrational for competitive firms."
Justice
"Competition forces firms to internalize social costs or lose market share."
Success
"The quality of institutions determines whether talented individuals flourish or flee."
Leadership
"Language skills are a form of human capital with real economic returns."
Knowledge
"Career advancement requires strategic investment in visible accomplishments."
Work
"Uncertainty about the future should make us humble about long-term predictions."
Wisdom
"The family structure adapts to economic conditions and incentives."
Family
"Contentment comes from aligning expectations with realistic opportunities."
Happiness
"Intellectual honesty requires acknowledging when evidence contradicts our theories."
Truth