Becker, Gary

Becker, Gary (Stanley)

(1930–  ) economist; born in Pottsville, Pa. One of the sharpest economic minds, he often challenged long-established theories and introduced many original ideas into the economic community with his uncanny ability to apply a single, general economic principle to apparently unconnected factors. Except for twelve years at Columbia University (1957–69), he spent his career at the University of Chicago as an active part of the "Chicago School" of economics. His 1957 doctoral dissertation presented model evidence of labor discrimination; it also examined wage differentials between black and white workers by squaring it with the competitive model of labor markets. A later analysis examined crime as an occupation chosen for rational reasons with full consideration of the risks and benefits. In the mid-1960s, he began to concentrate on his "new economics of the family," and in 1965 he explored the division of family labor. His controversial ideas have challenged the singular consumptive nature of the family and instead view the family as a multi-person production unit, producing "joint utility" from the skills and knowledge of different family members.
The Cambridge Dictionary of American Biography, by John S. Bowman. Copyright © Cambridge University Press 1995. Reproduced with permission.
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With: Jason Becket, Ehren Becker, Gary Becker, Marty Friedman, Steve Vai, Greg Howe, Steve Hunter, Richie Kotzen, Joe Satriam.
To do so, the paper constructs an empirical model of spouse selection based on Becker's efficient marriage market hypothesis, in which optimal assignments of marriage partners are derived from maximizing the household output function (Becker, Gary S.
Becker, Gary. "A Theory of Social Interactions," Journal of Political Economy 82(6), November/December 1974, 1063-93.
Becker, Gary S (1999) How the web is revolutionizing learning, BUSINESS WEEK December 27, 40.
Becker, Gary S., The Economic Approach to Human Behavior, Chicago: The University of Chicago Press, 1978.
Becker, Gary. A Treatise on the Family, Harvard University Press, (1991).
Becker, Gary S., "A Theory of the Allocation of Time," The Economic Journal, Sept.
Becker, Gary. "The Evidence Against Banks Doesn't Prove Bias." Business Week, April 19, 1993, 18.