"...the 1992 Nobel laureate demonstrates his well-known talent for extending ever further the frontiers of economics...in these pieces, the real world is very much at hand."--Business Week. "Becker goes tot he root of the problem...brims with fresh insights."--The Wall Street Journal. 1992 Nobel Prize winner Gary s. Becker is one of the few modern economists to apply economic theory to human behavior. His provocative world-view states that our daily actions and choices are influenced more than we know by market forces and economic incentives. In The Economics of Life, Gary Becker and historian Guity Nashat Becker have collected the best of the economist's popular work from his monthly Business Week column along with introductions that bring each topic into present-day focus. Extending well beyond the traditional range of economics, these 138 essays provocatively address modern issues including: the changing role of women in modern economics, crime, immigration, drugs, discrimination against minorities, and many other topics.From legalizing drugs to auctioning off immigration rights, the Beckers do not shy away from advocating controversial changes in public policy and personal behavior.
They will set you thinking and perhaps change your mind about the connections between economics and life, liberty, and the pursuit of happiness.
Gary Becker, a Nobel Prize winner, and his wife Guity have compiled a series of essays culled from his work for Business Week. Classified into 14 parts; these essays provocatively tackle issues such as the changing role of women in modern economies, immigration, drugs and discrimination against minorities, and are fully accessible to the lay-reader interested in an alternative approach to thinking about everyday problems. In one part, Becker explains the relevance of antitrust and cartel economic theory to the regulation of college sports and the conspiracy to lower the compensation received by college athletes. Commendably, the Beckers deliberately stay away from any of the complex mathematical notation and graphical diagrams that economists nonchalently use to illustrate their points, and in the process distance the reader. This is an economics book that is relevant to our everyday life. (Kirkus UK)