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Gary Becker
7 quotes
“[ Milton Friedman was] the dominant member of the so-called Chicago school of economics [during his tenure at Chicago]... The economics department increasingly reflected his approach and interests. These included deep commitment to the truth, appreciation of markets and free enterprise, frank and blunt discussion, and enormous zeal to convince the heathen. But most important was the commitment to economic analysis as a powerful instrument for interpreting economic and social life.”
Gary Becker (1930–2014) first seen 1991 wikiquote, CC BY-SA 4.0 source
Recorded in: Gary Becker (1991). "Milton Friedman." In: Edward Shils, ed. Remembering the University of Chicago: Teachers, Scientists and Scholars. Chicago: University of Chicago Press, pp. 140-6
“I conclude by listing several main points of this essay: 1. Human capital is of great importance in the modern economy. 2. Human capital has become of much greater significance during the past two decades. 3. Human capital is crucial to the international division of labor. 4. Much unmeasured learning goes on in companies and by adults. 5. People need to invest in themselves during their whole lives. 6. Distance learning will become of crucial importance to the teaching and learning process. 7. Human capital stimulates technological innovations and the high-tech sector.”
Gary Becker (1930–2014) first seen 2002 wikiquote, CC BY-SA 4.0 source
Recorded in: The Age of Human Capital", in Edward P. Lazear, Education in the Twenty-First Century (2002)
“An efficient marriage market develops ‘‘shadow’’ prices to guide participants to marriages that will maximize their expected well-being. These prices, central to the analysis in this chapter and the subsequent one, are responsible for the more powerful implications found in these chapters than in traditional discussions of marriage. Some other approaches are evaluated in Chapter 4.”
Gary Becker (1930–2014) said by 2014 at the latest wikiquote, CC BY-SA 4.0 source
“The phrase ‘marriage market’ is used metaphorically and signifies that the mating of human populations is highly systematic and structured.”
Gary Becker (1930–2014) said by 2014 at the latest wikiquote, CC BY-SA 4.0 source
“The bumping of lower-quality men out of their marriages through competitive reductions in the incomes of higher-quality men continues until the incomes of the lowest quality men are reduced to their single levels.”
Gary Becker (1930–2014) said by 2014 at the latest wikiquote, CC BY-SA 4.0 source
“[Gale and Shapley assumed that each person has] a given ranking [among] potential mates that determines rather than is determined by the equilibrium sorting.”
Gary Becker (1930–2014) said by 2014 at the latest wikiquote, CC BY-SA 4.0 source
“Imagine each family as a kind of little factory--a multiperson unit producing meals, health, skills, children, and self-esteem from market goods and the time, skills, and knowledge of its members. This is only one of the remarkable concepts explored by Gary Becker in his landmark work on the family. Becker applies economic theory to the most sensitive and fateful personal decisions, such as choosing a spouse or having children. He uses the basic economic assumptions of maximizing behavior, stable preferences, arid equilibria in explicit or implicit markets to analyze the allocation of time to child care as well as to careers, to marriage and divorce in polygynous as well as monogamous societies, to the increase and decrease of wealth from one generation to another.”
Gary Becker (1930–2014) first seen 2009 wikiquote, CC BY-SA 4.0 source
Recorded in: Book abstract 2009