Econintersect: University of Chicago professor Gary Becker died Saturday (03 May 2014) at Northwestern Hospital, Evanston, IL. Becker was 83. A student of Milton Friedman, Becker charted his own course in economics and sociology, specializing in what has now become known as “behavioral economics”, the theory that individual and collective human behavior followed the same rational principles attributed to economic systems. Perhaps the best trubute to Prof. Becker and the field of economics which he essentially founded is his 1992 nobel laureate address, which follows the Read more >> jump.
Click on cartoon to go to source at University of Chicago Magazine.
Click on the page image below to read the entire Nobel Laureate address (pdf) by Gary Becker in 1992.
Sources:
- Gary Becker, economics Nobel Laureate, dies at 83 (Caryn Rousseau, AP, seattlepi.com, 04 May 2014)
- The Economic Way of Looking at Life (Gary S. Becker, Nobel Laureate address, 09 December 1992)
- Can behavioral economics save us from ourselves? (Sharla Stewart, Illustrations by Richard Thompson, University of Chicago Magazine, February 2005)
