Daily Archives: June 20, 2014

Gary Becker’s Failure to Understand the Current Crisis

By William K. Black

This is the fifth and final installment of my series of articles on Gary Becker, the recipient of the Swedish Central Bank’s Prize in Economics in 1992.  The prior articles dealt with Becker’s work that the central bankers cited in their award decision.  This article examines whether Becker, in the context of the worst financial crisis in 70 years, re-examined his views that led to his failed work on the family, women, discrimination, and crime or his colleagues’ anti-regulatory views at U. Chicago that proved so criminogenic.

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