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Gary Becker Quotes: 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.
         

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.


Gary Becker
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Other quotes of Gary Becker


I am saying that the economic approach provides a valuable unified framework for understanding all human behaviour

I am saying that the economic approach provides a valuable unified framework for understanding all human behaviour



Economy is the art of making the most of life.

Economy is the art of making the most of life.



Along with others, I have tried to pry economists away from narrow assumptions about self interest. Behavior is driven by a much richer set of values and preferences.

Along with others, I have tried to pry economists away from narrow assumptions about self interest. Behavior is driven by a much richer set of values and preferences.



Different constraints are decisive for different situations, but the most fundamental constraint is limited time.

Different constraints are decisive for different situations, but the most fundamental constraint is limited time.



Still, intuitive assumptions about behavior is only the starting point of systematic analysis, for alone they do not yield many interesting implications.

Still, intuitive assumptions about behavior is only the starting point of systematic analysis, for alone they do not yield many interesting implications.



The most fundamental constraint is limited time

The most fundamental constraint is limited time



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.

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.



I was not sympathetic to the assumption that criminals had radically different motivations from everyone else.

I was not sympathetic to the assumption that criminals had radically different motivations from everyone else.



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.

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.



Why in almost all societies have married women specialized in bearing and rearing children and in certain agricultural activities, whereas married men have done most of the fighting and market work?

Why in almost all societies have married women specialized in bearing and rearing children and in certain agricultural activities, whereas married men have done most of the fighting and market work?





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Everything's Matter. Everything Matters.

Everything's Matter. Everything Matters.



It was at this time that she entirely gave up on reading. The covers of books looked like coffins to her, either shabby or ornate, and what was inside them might as well have been dust.

It was at this time that she entirely gave up on reading. The covers of books looked like coffins to her, either shabby or ornate, and what was inside them might as well have been dust.



There is absolutely nothing in what Jesus himself or his early followers taught that suggests you can decide just to enjoy forgiveness at Jesus' expense and have nothing more to do with him.

There is absolutely nothing in what Jesus himself or his early followers taught that suggests you can decide just to enjoy forgiveness at Jesus' expense and have nothing more to do with him.



Cinema serves as a constant reminder to us of who we are and what we are made of.

Cinema serves as a constant reminder to us of who we are and what we are made of.



There are only two occasions when Americans respect privacy, especially in Presidents. Those are prayer and fishing.

There are only two occasions when Americans respect privacy, especially in Presidents. Those are prayer and fishing.



Nothing the European mind ever devised was meant to do anything but to facilitate the European's control over the world.

Nothing the European mind ever devised was meant to do anything but to facilitate the European's control over the world.



Why did you say you believed me ?" In profile, he could see both the young woman she was becoming and the little girl he remembered. "Because I trust you.

Why did you say you believed me ?" In profile, he could see both the young woman she was becoming and the little girl he remembered. "Because I trust you.



The secret of life is getting today right. Everyone can get today right, and if you can do it once you can do it repeatedly.

The secret of life is getting today right. Everyone can get today right, and if you can do it once you can do it repeatedly.



Heal the soul first; then healing of the mind and body will follow.

Heal the soul first; then healing of the mind and body will follow.




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This page presents the quote "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.". Author of this quote is Gary Becker. This quote is about economic, difficulty, repealing, minimum, wizards, law, employment, higher, trying,.