Nobel Laureate Gary S. Becker, AM'53, PhD'55, made historic changes to the study of economics and the social sciences, combining disciplines to understand decisions in everyday life, while spawning rich new questions for scholars in diverse fields to pursue.
Becker, 83, University Professor of Economics and of Sociology at the University of Chicago, died on May 3 following complications from a recent surgery. He won the Nobel Memorial Prize in Economic Sciences in 1992 “for having extended the domain of microeconomic analysis to a wide range of human behavior and interaction, including non-market behavior.”
Becker pioneered study in the fields of human capital, economics of the family, and economic analysis of crime, discrimination, addiction, and population. University of Chicago President Robert J. Zimmer said Becker will be remembered as one of the foremost economics scholars of the 20th century.
"Gary was a transformational thinker of truly remarkable impact on the world and an extraordinary individual,” Zimmer said. “He was intellectually fearless. As a scholar and as a person, he represented the best of what the University of Chicago aspires to be."
Read more at University of Chicago News Office