Gary Becker

Gary Becker

American eonomist
Different constraints are decisive for different situations, but the most fundamental constraint is limited time.More Gary Becker quotes [03/29/2018 05:03:36]
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.More Gary Becker quotes [03/29/2018 05:03:36]
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.More Gary Becker quotes [03/29/2018 05:03:36]
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.More Gary Becker quotes [03/29/2018 05:03:36]
The most fundamental constraint is limited timeMore Gary Becker quotes [03/29/2018 05:03:36]

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