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Lives of the LaureatesTwenty-three Nobel Economists$
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Roger W. Spencer and David A. Macpherson

Print publication date: 2014

Print ISBN-13: 9780262027960

Published to MIT Press Scholarship Online: May 2015

DOI: 10.7551/mitpress/9780262027960.001.0001

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Gary S. Becker

Gary S. Becker

(p.189) Gary S. Becker
Lives of the Laureates

Roger W. Spencer

David A. Macpherson

The MIT Press

This chapter describes the work of Gary S. Becker as an economist of diverse interests, and as a Nobel Prize awardee. Becker was born in 1930 and received his M.A. and Ph.D. from the University of Chicago. He was appointed professor of economics at Columbia University in 1960 and a senior research fellow at Hoover Institute (Stanford) in 1990, a position he held until 2014. His work revolved around four broad areas: investments in human capital; behavior of the family or household; crime and punishment; and discrimination in the markets for labor and goods. Most of his work involved the view that the economic approach to human behavior is valid and is “real” economics. His other interests related to public policy in education, addiction, discrimination, and politics. His publications include The Economic Approach to Human Behavior, The Economics of Life, and Social Economics: Market Behavior in a Social Environment (with K. Murphy).

Keywords:   Gary S. Becker, investments in human capital, human behavior, Market Behavior

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