Garry Becker

Gary Becker was an influential economist known for applying economic principles to a wide range of human behavior, beyond traditional markets. He analyzed topics such as family dynamics, education, crime, and discrimination, emphasizing that individuals make choices to maximize their benefits under constraints. His work showed how economic reasoning could explain personal and social issues, highlighting the role of incentives and costs. Becker’s approach helped expand economics into understanding various aspects of life, earning him the Nobel Prize in Economics in 1992. His insights continue to shape how economists and social scientists study human decision-making and social policies.