Becker on Goals of Economics: Understand the World, and Improve It

 

Becker.jpg   Gary Becker at April 7, 2006 tribute dinner.  Source of image:  online press release cited below.

 

Gary Becker has made enormous contributions to economic theory, most notably in convincing the profession of the importance of human capital and the family.  A new center has been established at the University of Chicago in Gary Becker’s honor.

 

Becker’s brief remarks concluded the evening.  Economics will change over time, but one constant—whatever the tools or techniques—is the goal of economics, he said.   “It is judged ultimately by how well it helps us understand the world, and how well we can help improve it.”

 

For the full story, see:

Goddu, Jenn Q.  "Gift Names the Becker Center on Chicago Price Theory, Founded by Richard O. Ryan."  University of Chicago News Office, 2006.

 

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