Let this list of 7 quotations by the American economist Gary Becker lead you to an inspirational day. Recharge yourself with motivational work, cultures, centuries sayings, and satisfy your hunger for a better life.
What are the best Gary Becker quotes?
We've made this hand-picked collection of quotes to show you what is Gary Becker truly willing to say and leave for generations. Whether an inspirational quote or a motivational message about giving your best, we can all benefit from the wisdom, captured within these words.
I am saying that the economic approach provides a valuable unified framework for understanding all human behaviour
Human capital analysis starts with the assumption that individuals decide on their education, training, medical care, and other additions to knowledge and health by weighing the benefits and costs. Benefits include cultural and other non-monetary gains along with improvement in earnings and occupations, while costs usually depend mainly on the foregone value of the time spent on these investments.
A stronger yuan could lead to greater Chinese asset accumulation in the U.S. and elsewhere.
My work on human capital began with an effort to calculate both private and social rates of return to men, women, blacks, and other groups from investments in different levels of education.
Why in almost all societies have married women specialized in bearing and rearing children and in certain agricultural activities, whereas married men have done most of the fighting and market work?
I was not sympathetic to the assumption that criminals had radically different motivations from everyone else.
Economy is the art of making the most of life.
Along with others, I have tried to pry economists away from narrow assumptions about self interest. Behavior is driven by a much richer set of values and preferences.
Even a wizard would have a great deal of difficulty repealing the economic law that higher minimum wages reduce employment. Since politicians are not wizards, they should not try.
Still, intuitive assumptions about behavior is only the starting point of systematic analysis, for alone they do not yield many interesting implications.
Different constraints are decisive for different situations, but the most fundamental constraint is limited time.
Fines are preferable to imprisonment and other types of punishment because they are more efficient. With a fine, the punishment to offenders is also revenue to the State.