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Quote by Gary Becker

“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.”

Quote by Gary Becker

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Gary Becker was a distinguished economist known for his research on human capital, criminology, demography, labor economics, and public choice. His interdisciplinary approach applied economic principles to non-market areas, making significant contributions to the development of economics. more

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