Gary S. Becker


DEFINITION of 'Gary S. Becker'

An American economist who won the 1992 Nobel Prize in Economics for his microeconomic analysis of human behavior and interaction. Before Becker, human behavior was primarily analyzed within the framework of other social sciences, such as sociology. His prize-winning research focused on investments in human capital, family/household behavior, crime and punishment and discrimination in markets.

BREAKING DOWN 'Gary S. Becker'

Born in 1930 in Pennsylvania, Becker earned his Ph.D. from the University of Chicago, and numerous universities have awarded him honorary doctorate degrees. He taught at Columbia University before returning to the University of Chicago, to continue teaching in the departments of economics and sociology and in the business school. In addition to the Nobel Prize, Becker was awarded the John Bates Clark medal in 1967 and the Presidential Medal of Freedom in 2007.

  1. Nobel Memorial Prize In Economic ...

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  2. Economist

    An expert who studies the relationship between a society's resources ...
  3. Microeconomics

    The branch of economics that analyzes the market behavior of ...
  4. Free Market

    A market economy based on supply and demand with little or no ...
  5. Laissez Faire

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  6. Macroeconomics

    The field of economics that studies the behavior of the aggregate ...
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