The Essence of Becker


This volume presents twenty-six essays that showcase the brilliant originality and range of economic thought that earned Hoover Institution senior fellow Gary S. Becker the Nobel Prize in Economic Sciences in 1992.
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This volume presents twenty-six essays that showcase the brilliant originality and range of economic thought that earned Hoover Institution senior fellow Gary S. Becker the Nobel Prize in Economic Sciences in 1992.
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Editorial Reviews

A collection of essays by Nobel Prize-winning economist Becker, chronicling the evolution of his thought from economic to social issues such as racial and sexual discrimination, investment in human capital, marriage and the family, and drug addiction. Includes the text of his Nobel lecture, "The Economic Way of Looking at Behavior." Paper edition (9342-8), $25.95. Annotation c. Book News, Inc., Portland, OR (
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Product Details

  • ISBN-13: 9780817993429
  • Publisher: Hoover Institution Press
  • Publication date: 2/29/2000
  • Series: Publication Series , #42
  • Pages: 669
  • Product dimensions: 6.00 (w) x 9.00 (h) x 1.50 (d)

Meet the Author

Ramón Febrero is a professor of economics at the Universidad Complutense de Madrid and director of the Economics and Business Administration Division of the Centro de Estudios Superiores "Ramón Carande". Pedro S. Schwartz is a professor of the history of economic thought at the Autonomous University of Madrid and a special consultant at National Economic Research Association.
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Table of Contents

The Essence of Becker: An Introduction
1 The Economic Approach to Human Behavior 3
2 International Behavior and Economic Theory 18
3 Investment in Human Capital: A Theoretical Analysis 36
4 A Theory of the Allocation of Time 91
5 Market Insurance, Self-Insurance, and Self-Protection 121
6 A Theory of Social Interactions 150
7 De Gustibus Non Est Disputandum 184
8 A Note on Restaurant Pricing and Other Examples of Social Influences on Price 209
9 Habits, Addictions, and Traditions 218
10 An Economic Analysis of Fertility 241
11 A Theory of Marriage: Part I 273
12 A Theory of Marriage: Part II 310
13 Altruism, Egoism, and Genetic Fitness: Economics and Sociobiology 329
14 Human Capital and the Rise and Fall of Families 343
15 The Family and the State 382
16 The Forces Determining Discrimination in the Marketplace 403
17 Effective Discrimination 416
18 Human Capital, Effort, and the Sexual Division of Labor 434
19 Crime and Punishment: An Economic Approach 463
20 Law Enforcement, Malfeasance, and Compensation of Enforcers 518
21 Competition and Democracy 539
22 Public Policies, Pressure Groups, and Deadweight Costs 544
23 The Classical Monetary Theory: The Outcome of the Discussion 567
24 Family Economics and Macrobehavior 589
25 The Division of Labor, Coordination Costs, and Knowledge 608
26 Nobel Lecture: The Economic Way of Looking at Behavior 633
Index 659
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