ECONOMY IS THE ART OF MAKING THE MOST OF LIFE

Summary: Gary S. Becker won the 1992 Nobel Prize in Economic Sciences for having extended the domain of microeconomic analysis to a wide range of human behaviour and interaction, including nonmarket behaviour. He directed his research at family, society, crime, discrimination, addiction diseases, etc. So far he has authored over a dozen books and more than 50 articles. He has won numerous awards and recognitions, such as: John Bates Clark Medal to the most prominent American economist; Recognition of the Pontifical Academy of Sciences; National Medal of Science; John von Neumann Award; and Presidential Medal of Freedom. Moreover, he is the recipient of honorary titles from a dozen universities worldwide: Hebrew University of Jerusalem, Illinois College, Princeton, Harvard and Columbia University, Hitotsubashi University of Japan, etc.