Conversations with History: Gary Becker

(Visit: www.uctv.tv/) Conversations host Harry Kreisler welcomes Nobel Laureate Gary S. Becker for a discussion of his intellectual journey. Topics covered in the conversation include: the influence of his parents, his education, Milton Friedman, his early work on discrimination, the skills and temperament required for work in economics, applying economic analysis to social problems, the Chicago school of economics, creativity, rational choice theory, markets vs. government, the impact of ideas on policy, the communications revolution, the lessons of the 2008 economic collapse, and advice for students preparing for the future. Series: "Conversations with History" [5/2013] [Business] [Show ID: 25071]

[@tomrhee1]

I am sorry that he is gone. He was one of my favorite teachers in Chicago. He could have lived a little longer.

[@tuckerbugeater]

it's all about you

[@duskonanyavarld1786]

Rest in peace, You will be missed.

[@markr7083]

Stingers up!

[@abouderazsofiane804]

A great mind.

[@shubhaghosh]

Good

[@smshahriar997]

a great intellectual

[@jackjackthompson5771]

Montreal represent!

[@nurlatifahmohdnor8939]

I hope somebody translate "Che Bek" story for you.

[@maxgame4811]

Non si finisce mai di studiare altrimenti cadi per terra 🤔🍃

[@marcogarrido3781]

He seemed to be very humble and down to earth, is ssd he's gone.. To bad his theory was the opposite and it's the definition of delusional, going to show that Nobel in Economics is most of times awarded for political and ideological reasons, not because true cientific achievements.

[@IsaacDarcheMusic]

social choices are a function of individual choices. Therefore, individual choices are a function of social choices. If social choices are intransitive, then individual choices are as well. Therefore, rational choice theory is not rational, or even coherent in its own terms.

[@karimal-mradi4425]

all you just typed was a mess of jargon. Stop trying to sound smart and start trying to sound clear.

[@Faustus_de_Reiz]

You can have interdependent preferences and choice matrices. Also you can have institutional feedback effects within your preference matrices under neoclassical or rational choice models. You don't know the literature well enough to make an informed comment... So shut up

[@IsaacDarcheMusic]

economic forecasts are always wrong by unacceptable margins. Therefore economics should not guide policy. Keep your beautiful abstractions to yourself.

[@yellowusbrickus4821]

Think of economists like doctors for the economy. Medicine and diagnosis may not be perfect, but it is prudent to listen to your doctor.

[@swaggboymcgee210]

​@@yellowusbrickus4821 Except when economists have an ideological inclination towards certain "diagnoses"

[@IsaacDarcheMusic]

There is no nobel prize for economics, only the bank of Sweden prize

[@Wolcik3000]

could you elaborate?

[@shane_rm1025]

@@Wolcik3000 The Bank funds the prize but the winner is still picked by an independent committee of experts chosen by the Royal Swedish Academy of Sciences same as the prizes in physics and chemistry, it's just not sponsored by the original endowment.

[@swaggboymcgee210]

​@@shane_rm1025still a PR move to increase the standing of the economics profession