Gary S. Becker

Gary S. Becker (1930–2014) was a American economist. He was an American economist who applied economic thinking to human behavior. He studied crime, family, education, and discrimination using economic tools. Gary won the Nobel Memorial Prize in Economic Sciences in 1992 for work in Microeconomics and Economic Sociology.

Early Life and Education

Gary S. Becker was born in 1930. He studied economics and showed great talent from an early age. He went on to work at University of Chicago, where he did most of his important research.

Work and Research

Gary S. Becker's most important contribution was in the field of Microeconomics and Economic Sociology. The Nobel Committee gave him the prize "For having extended the domain of microeconomic analysis to a wide range of human behavior and interaction, including nonmarket behavior".

His ideas changed how economists think about microeconomics and economic sociology. He developed new mathematical and analytical tools that other economists still use today. His work at University of Chicago helped make these ideas famous around the world.

Nobel Prize

In 1992, Gary S. Becker received the Nobel Memorial Prize in Economic Sciences. He was awarded the prize for his work in Microeconomics and Economic Sociology.

The Nobel Committee said the award was given: For having extended the domain of microeconomic analysis to a wide range of human behavior and interaction, including nonmarket behavior.

He shared the prize with other economists who worked on similar problems.

Legacy

Gary S. Becker's ideas are still very important in economics today. Many of his theories are taught in universities and used by economists, governments, and businesses around the world.

External Links

• Nobel Prize official website
• Nobel Prize 1992 - Economic Sciences