Occupation: Economist Birth: December 2, 1930 Death: May 3, 2014
Why in almost all societies have married women specialized in bearing and rearing children and in certain agricultural activities, whereas married me….
Economy is the art of making the most of life..
I am saying that the economic approach provides a valuable unified framework for understanding all human behaviour.
I was not sympathetic to the assumption that criminals had radically different motivations from everyone else..
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….
I argued last year on my shared blog that selling the right to immigrate would be the best approach to legal immigration. Among other benefits, the r….
The most fundamental constraint is limited time.
A stronger yuan could lead to greater Chinese asset accumulation in the U.S. and elsewhere..
Different constraints are decisive for different situations, but the most fundamental constraint is limited time..
Even a wizard would have a great deal of difficulty repealing the economic law that higher minimum wages reduce employment. Since politicians are not….
Still, intuitive assumptions about behavior is only the starting point of systematic analysis, for alone they do not yield many interesting implicati….
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 inves….
Human capital analysis starts with the assumption that individuals decide on their education, training, medical care, and other additions to knowledg….
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 ….
Fines are preferable to imprisonment and other types of punishment because they are more efficient. With a fine, the punishment to offenders is also….