The Economic Approach

“The Economic Approach is a fascinating collection of Gary S. Becker’s unpublished works with additional, insightful commentary on both his life and the works contained in this book… .The Economic Approach succeeds in giving readers at different educational levels in economics an understanding of how economics can be used as a method of inquiry into all kinds of human behavior… .While Becker’s finished works and the published works of many other economists also cover these topics, this book’s unique contribution is revealing Becker’s thought process through his still-in-progress writings… .Highly recommended.” * Choice *“We have been granted a lucky bonus after studying the finished books and papers that Becker published… .The Economic Approach gives us a glimpse of the way Becker’s thoughts evolved when faced with a knotty problem: here we have sketches of the models that he so solidly built with the help of calculus. Statistical intuition is implicit. He was making them ready for empirical observation and testing.” * Economic Affairs *“The Economic Approach is superb from start to finish. A wonderful tribute to a pathbreaking intellect.” – Douglas A. Irwin | Dartmouth College“Gary Becker is one of the greatest economists of all time. The Economic Approach is perhaps the best place to start dipping into his work.” – Tyler Cowen | George Mason University“What a tremendous book! Becker was a giant, with an extraordinary combination of intense focus and curiosity, and you can see his genius here. Be prepared to be surprised and illuminated—and to have some fun in the process.” – Cass R. Sunstein | author of “Too Much Information”

Gary S. Becker (1930–2014) was University Professor at the University of Chicago with a joint appointment in both the economics and sociology departments. He was the author of many books, including Human Capital: A Theoretical and Empirical Analysis and The Economics of Discrimination. He collaborated with Richard Posner on the Becker-Posner Blog, which formed the basis for their book Uncommon Sense: Economic Insights, from Marriage to Terrorism. Becker was awarded the Nobel Prize in Economics in 1992 and the Presidential Medal of Freedom in 2007.

Julio J. Elias is professor of economics, director of the master of economics, and executive director of the Joint Initiative for Latin American Experimental Economics at the University of CEMA, Argentina.

Casey B. Mulligan is professor in the Kenneth C. Griffin Department of Economics and program director at the Initiative on Enabling Choice and Competition in Healthcare at the University of Chicago.

Kevin M. Murphy is George J. Stigler Distinguished Service Professor of Economics in the Department of Economics and the Booth School of Business at the University of Chicago.