Nobel Laureate Gary Becker's basic professional contribution is his:
A)application of traditional theories of anthropology to labor markets
B)application of the economic perspective to law,sociology,demographics,and anthropology
C)statistical verification of race and gender discrimination
D)explanation of the limitations of the economic perspective in explaining labor markets

Question

Quizplus · Accepted Answer

Gary Becker's main contribution was the application of the economic perspective to subjects beyond economics, such as law, sociology, demographics, and anthropology. This approach, known as "the economics of everything," increased the understanding of human behavior and decision-making in various fields. Becker believed that individuals made rational choices based on their self-interest, which could be analyzed using economic principles.

Nobel Laureate Gary Becker's Basic Professional Contribution Is His