Social norms function as mechanisms that coordinate behavior... - Gary Becker

"Social norms function as mechanisms that coordinate behavior and reduce transaction costs."

Gary Becker Peace

Economist Sociologist American 1930–2014

More from Gary Becker

"The most valuable of all capital is that invested in human beings."

"Economics is not about money; it is about life and society."

"Human capital is the most important form of capital."

"Time is the ultimate scarce resource."

"Peace comes from a good conscience."

"Life is too short to hold grudges."

"A man's home is his sanctuary. It should be treated as such."

"The world is chaotic enough. At least your home should make sense."