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.
More Quotes from Gary Becker:
Fines are preferable to imprisonment and other types of punishment because they are more efficient. With a fine, the punishment to offenders is also revenue to the State.Gary Becker
Human capital analysis starts with the assumption that individuals decide on their education, training, medical care, and other additions to knowledge and health by weighing the benefits and costs. Benefits include cultural and other non-monetary gains along with improvement in earnings and occupations, while costs usually depend mainly on the foregone value of the time spent on these investments.
Gary Becker
Is it fair or wise to place strict controls on legal immigration when little is done to stem illegal entry Preference should be given to younger persons who will get jobs and are likely to make a long-term commitment to the country, such as the many men and women who want to study at American universities.
Gary Becker
A stronger yuan could lead to greater Chinese asset accumulation in the U.S. and elsewhere.
Gary Becker
The Treatise tries to analyze not only modern Western families, but also those in other cultures and the changes in family structure during the past several centuries.
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
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The greatest impediments to changes in our traditional roles seem to lie not in the visible world of conscious intent, but in the murky realm of the unconscious mind.
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We are who we're going to be when we're very old, and when we're very old we are who we were when we were 8.
Meryl Streep
I guess the President says the majority of the people didn't elect him, he doesn't have to listen to 'em anyway.
Star Jones