Saturday, May 10, 2014

Gary Becker - on economics

Gary Becker died last week and the economic world is worse off. I remember working through some of his essential papers on family and marriage.At the time, it was truly novel to have someone use principles of economics to look at these social issues. His application of economic concepts to problems of everyday expanded the scope and reach of economics. Most important, he made his students and readers think like economists. He will be missed.

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