"The Becker Model"

The Becker Model, developed by economist Gary Becker, analyzes human behavior by applying economic principles to social issues, such as family dynamics, crime, and education. It suggests that individuals make decisions based on a cost-benefit analysis, weighing potential rewards against risks or costs. For example, a person might choose to invest in education if they believe the long-term financial benefits outweigh the expenses involved. Becker's approach highlights how economic motivations can influence personal choices and societal trends, emphasizing that social behaviors can be understood through economic reasoning.