Gary S. Becker (Economist)

Gary S. Becker was an influential American economist known for applying economic analysis to diverse social issues such as education, crime, family dynamics, and discrimination. He expanded the scope of economics beyond traditional markets, exploring how rational decision-making influences human behavior in various contexts. Becker's work, particularly his theory of human capital, emphasized that education and skills are investments leading to higher productivity and income. He won the Nobel Prize in Economic Sciences in 1992, recognizing his contributions to understanding the economic aspects of societal behaviors and policies. His ideas have shaped modern economic thought and social science research.