Gary Becker Photo

Gary Becker

Born: Dec 2, 1930

Death: May 3, 2014

Birthplace: Pottsville

Profession: Economist

Nationality: United States

Gary Becker

Date of Birth : Dec 2, 1930
Date of Death : May 3, 2014
Birth Place : Pottsville

Gary Stanley Becker was an American economist. He was professor of economics and sociology at the University of Chicago and at the Booth School of Business. He made important contributions to the family economics branch of economics. Neoclassical analysis of family within the family economics is also called new home economics. He was awarded the Nobel Memorial Prize in Economic Sciences in 1992 and received the United States Presidential Medal of Freedom in 2007. He was a Rose-Marie and Jack R. Anderson senior fellow at the conservative Hoover Institution, located at Stanford University. Becker was one of the first economists to branch into what were traditionally considered topics belonging to sociology, including racial discrimination, crime, family organization, and drug addiction. He was known for arguing that many different types of human behavior can be seen as rational and utility maximizing. His approach included altruistic behavior of human behavior by defining individuals' utility appropriately. He was also among the foremost exponents of the study of human capital. Becker was also credited with the "rotten kid theorem."

Profession


  • Economist
  • Professor
  • Scientist

Also known as


  • Gary Stanley Becker
  • Gary S. Becker

Awards Won


  • Presidential Medal of Freedom
  • Nobel Memorial Prize in Economic Sciences
  • John Bates Clark Medal
  • National Medal of Science for Behavioral and Social Science
  • John von Neumann Award
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