Gary Becker

Incentives shape even altruistic behavior.

The future of economics lies in applying it to everyday life.

Education returns diminish at higher levels, but still positive.

Crime rates fall when enforcement raises expected costs.

Families invest in children’s human capital for intergenerational mobility.

Economics teaches us that every action has an opportunity cost.

Superstar salaries reflect market power in global audiences.

Rational people sometimes make irrational choices due to imperfect information.

My work shows economics is about people, not just numbers.

The essence of human capital is acquired skills enhancing productivity.