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The most fundamental constraint is limited time
Gary Becker
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Gary Becker
Age: 83 †
Born: 1930
Born: December 2
Died: 2014
Died: May 3
Blogger
Criminologist
Economist
Professor
Scientist
Sociologist
University Teacher
Pottsville
Pennsylvania
Gary Stanley Becker
Fundamentals
Time
Constraint
Constraints
Limited
Fundamental
More quotes by Gary Becker
Different constraints are decisive for different situations, but the most fundamental constraint is limited time.
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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 investments in different levels of education.
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I was not sympathetic to the assumption that criminals had radically different motivations from everyone else.
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Even a wizard would have a great deal of difficulty repealing the economic law that higher minimum wages reduce employment. Since politicians are not wizards, they should not try.
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Still, intuitive assumptions about behavior is only the starting point of systematic analysis, for alone they do not yield many interesting implications.
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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 several centuries.
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I am saying that the economic approach provides a valuable unified framework for understanding all human behaviour
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