Gary Becker Quotes

The most fundamental constraint is limited time

Many thinkers have tried to “naturalize” consumerism in that way, including most social Darwinists, Austrian School economists (Ludwig von Mises, Friedrich Hayek, Murray Rothbard), Chicago School economists (George Stigler, Milton Friedman, Gary Becker), Darwinian libertarians, globalization advocates, management gurus, and marketers. Their model (which I call the Wrong Conservative Model, because I think it’s wrong, and because it’s usually advocated by political conservatives) is: human nature + free markets = consumerist capitalism

Crowley exemplified on a grand scale what the psychologist Ernest Becker in The Denial of Death called our adolescent need to be seen as “an object of primary value in the universe,

Expectations about divorce are partly self-fulfilling because a higher expected probability of divorce reduces investments in specific capital and thereby raises the actual probability. 7 For example, consensual and trial marriages are less stable than legal marriages, and marriages between persons of different religions or races are less stable than those within a religion or race, partly because mixed marriages have fewer children. At the same time, as indicated, mixed marriages have fewer children partly because they are expected to be less stable. Specific investment and imperfect information can explain why homosexual unions are much less stable than heterosexual marriages (Saghir and Robins, 1973, pp. 56-58, 226-227). Homosexual unions do not result in children, and generally they have a less extensive division of labor and less marital-specific capital than heterosexual marriages. Moreover, the opprobrium attached to homosexuality has raised the cost of search to homosexuals and thereby has reduced the information available to them. Furthermore, homosexual unions, like trial marriages, can dissolve without legal adversary proceedings, alimony, or child support payments.

I like what Gary Thomas, the author of Every Body Matters, says: we need to “stop treating our bodies like ornaments — with all the misguided motivations often displayed by those who build their bodies out of pride and ambition — and start treating our bodies like instruments

IF THERE is one person to blame for economists’ habit of opining on everything, it is Gary Becker, who died on May 3rd. Not content with studying the world’s economies, he was the first prominent economist to apply economic tools to all aspects of life. His revelation was the sort that seems obvious only in hindsight: that people are often purposeful and rational in their decisions, whether they are changing jobs, taking drugs or divorcing their spouses. This insight, and the work that followed from it, earned him a Nobel prize in 1992. No less an eminence than Milton Friedman declared in 2001 that Mr Becker was “the greatest social scientist who has lived and worked in the last half-century”.

All acts of sex were forms of degradation. Some random recollections: East 11th Street, on the bed with Murray Groman: “Swallow this mother ’til you choke.” East 11th Street, in the bed with Gary Becker: “The trouble with you is, you’re such a shallow person.” East 11th Street, up against the wall with Peter Baumann: “The only thing that turns me on about you is pretending you’re a whore.” Second Avenue, the kitchen, Michael Wainwright: “Quite frankly, I deserve a better-looking, better-educated girlfriend.” What do you do with the Serious Young Woman (short hair, flat shoes, body slightly hunched, head drifting back and forth between the books she’s read)? You slap her, fuck her up the ass and treat her like a boy. The Serious Young Woman looked everywhere for sex but when she got it it became an exercise in disintegration. What was the motivation of these men? Was it hatred she evoked? Was it some kind of challenge, trying to make the Serious Young Woman femme?

When Gary Becker, an American economist, in his celebrated `Treatise of Family’ imagined a household as a primary site of production of goods and sustenance in the form of child care, meals, and shelter, besides a range of commodities such as health, happiness, self-esteem, security, sexual pleasure, and so on, he disregarded the fact that a family is also a site of reproducing inequalities and sustaining patriarchal values. Becker proposed the theory of a rational `economic man’ who makes choices based on his self-interest, but he has not contemplated the dire situations of exploitation, blackmail, and extortion within marriages in South Asian patriarchal, hierarchical societies where self-interest would turn into insatiable greediness to create an antagonistic situation where an `economic man’, driven by irrational voracity, ends up torturing and murdering `his wife’, and destroying his own family when his arbitrary demands remain unfulfilled

Most giving is, as economists call it, impure altruism or warm-glow altruism. You give not only because you want to help but because it makes you look good, or feel good, or perhaps feel less bad. Consider the panhandler. Gary Becker once wrote that most people who give money to panhandlers do so only because “the unpleasant appearance or persuasive appeal of beggars makes them feel uncomfortable or guilty.” That’s why people often cross the street to avoid a panhandler but rarely cross over to visit one.

Commenting on an early paper by the Nobel laureate Gary Becker, the economist James Duesenberry famously quipped that “economics is all about choice, while sociology is about why people have no choices.