Gary Becker Quotes About Assumption

• 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

  Training, Analysis, Cost

• Still, intuitive assumptions about behavior is only the starting point of systematic analysis, for alone they do not yield many interesting implications.

  Gary Becker

  Yield, Interesting, Analysis

• Along with others, I have tried to pry economists away from narrow assumptions about self interest. Behavior is driven by a much richer set of values and preferences.

  Gary Becker

  Self, Assumption, Behavior

  Gary Stanley Becker, Hoover Institution on War, Revolution, and Peace (1996). “The Economic Way of Looking at Behavior: The Nobel Lecture”, p.5, Hoover Press

• I was not sympathetic to the assumption that criminals had radically different motivations from everyone else.

  Gary Becker

  Motivation, Criminals, Different

  Gary Stanley Becker, Hoover Institution on War, Revolution, and Peace (1996). “The Economic Way of Looking at Behavior: The Nobel Lecture”, p.7, Hoover Press

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