A stronger yuan could lead to greater Chinese asset accumulation in the U.S. and elsewhere.
More Quotes from Gary Becker:
Evidence from many countries on the earnings, unemployment, and occupations of blacks, women, religious groups, immigrants, and others has expanded enormously during the past twenty-five years. This evidence more fully documents the economic position of minorities and how that changes in different environments.Gary Becker
Still, intuitive assumptions about behavior is only the starting point of systematic analysis, for alone they do not yield many interesting implications.
Gary Becker
I was not sympathetic to the assumption that criminals had radically different motivations from everyone else.
Gary Becker
The analysis assumes that individuals maximize welfare as they conceive it, whether they be selfish, altruistic, loyal, spiteful, or masochistic. Their behavior is forward-looking, and it is also consistent over time.
Gary Becker
My work on human capital began with an effort to calculate both private and social rates of return to men, women, blacks, and other groups from investments in different levels of education.
Gary Becker
Why in almost all societies have married women specialized in bearing and rearing children and in certain agricultural activities, whereas married men have done most of the fighting and market work?
Gary Becker
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I have become a queer mixture of the East and the West, out of place everywhere, at home nowhere.
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For the wise man looks into space and he knows there is no limited dimensions.
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