Monday, May 05, 2014

Becker was even more important than I thought.

By shifting the frame of reference from dry abstractions like capital and labor and instead recognizing that each of us carry capital and labor and preferences within us he humanized economics. No longer was economics or sociology the contention of massive forces that the Classical Economists and Marx conceived, instead it was individua human beings making sovereign choices.

Making social science recognize humans as individuals rather than categories is a pretty big deal. And that's why I'd rather be a 'neoliberal' like Becker than a neo Marxist like Piketty any day. More at the link. Hattip marginal revolution

http://crookedtimber.org/2014/05/04/gary-becker-an-appreciation-by-michel-foucault/

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