Quote of the Day

His contributions represent a particular sort of genius: insight which not only seems obvious in hindsight, but which so substantially transforms the discipline that its effect is hard to appreciate all these years later. Is it really possible that family choices were not seen as appropriate material for economic analysis back in the day? [. …

In Memoriam: Gary S. Becker

Milton Friedman called Gary Becker "the greatest social scientist who has lived and worked in the last half century." The praise was well-deserved, and if it wasn't, that might have been because the only other contender for the title was Friedman himself. Becker was masterful at formulating interesting questions to think about, and he was …