Thursday, October 21, 2010
A rational choice
University of Chicago Magazine
This past June Gary S. Becker, AM’53, PhD’55, Chicago’s University professor in economics, sociology, and Chicago Booth, was awarded the Alumni Association’s highest honor, the Alumni Medal, for a career spent broadening the scope of economic research. It is hardly his first honor; the Princeton graduate also won the John Bates Clark Medal, given to the best U.S. economist under 40, in 1967; the 1992 Nobel Memorial Prize in Economic Sciences; and the Presidential Medal of Freedom in 2007. His studies of human capital, familial relations, crime, and workplace discrimination pioneered an explosion of economic research. A University of Chicago professor since 1970, he also writes a weekly politics and economics blog with Seventh Circuit Federal Appellate Judge and Law School Senior Lecturer Richard Posner. They started the blog in December 2004, after Becker ended 19 years as a BusinessWeek columnist. Collected here are samples of Becker’s thoughts on his work and life.
Posted by Yulie Foka at 1:18 PM