Becker's Economic Approach

In "Economics of Human Behavior", Gary Becker considers his interpretation of "economic method" as a rational choice to be determined based on personal income, of goods that the individual intends to pay I explain how to choose the price. This kind of good taste. Becker believes that prices, preferences, profits and expenses may include intangible assets or unknown assets. Thus, Becker's "economic approach" to human behavior is based on the assumption that human decision making can be explained by decision makers using existing information for cost-benefit analysis and the utility obtained by making choices We consider that it is larger than expenses.

Either way, this is the complete meaning of economics: see life from the perspective of economics. Indeed, Becker's book, a series of essays is called "economics of life". By adopting an economic approach, Becker can bring significant insight into every aspect of life that was previously excluded from conversation. As a Becker, our eyes open up the way of working the world and provide explanations for even making a foolish decision to those who make decisions

In 1968, Gary Becker, one of the founders of rational choice theory, decided to revolutionize the criminal punishment "economic approach" on the premise that it is necessary to modify the universal view of crime wrote. According to previous doctrine, criminals are best understood as mental disorders and crazy people can not control their impulses. He received the Nobel Prize in economics in 1992, died in May last year, carefully calculated the possibility of crime and the possibility of expenses, suggested that it is worth the gamble and commit a crime . Skarbek said that this insight has opened a criminal study to economic theory

In general, crime can be viewed as an economic transaction between crime and society. Gorley Becker, the Nobel economics award winner, depicts criminals and public policy systems as rational subjects in his classic paper "Crime and Punishment - Method of Economics". The perpetrator judged whether the crime was paid, balances the income of the crime with the prospect of arresting and the anticipated punishment, and the public policy is such that "crime is not paid" due to the increase in crime cost I will try. The price of the state (justice system, prison etc.) also