The Economics of Life: From Baseball to Affirmative Action to Immigration, how Real-world Issues Affect Our Everyday Life

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McGraw-Hill, 1997 - Business & Economics - 329 pages
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In The Economics of Life, Gary Becker and historian Guity Nashat Becker have collected the best of the economist's popular work from Business Week (where he is a monthly columnist). These thought-provoking essays show us where we have been and where, for better or worse, we are headed. Many of them aroused heated debate upon their original publication, and they will no doubt do so again.
Extending well beyond the traditional range of economics, these 138 essays crisply address the changing role of women in modern economies, crime, immigration, drugs, marriage contracts, the effects of the stock market collapse in 1987, whether the Japanese stock market has been rigged, the organization of major league baseball and other sports, communism, competition between religions, the "Swedish way," discrimination against minorities. Supreme Court decisions, government spending, addictions, and many other topics.
Although the Beckers emphasize analysis, they do not shy away from advocating controversial changes in public policy and personal behavior. Among their provocative recommendations: legalizing drugs, selling the rights to immigrate, privatizing social security, enforcing marriage contracts more fully, curtailing welfare sharply, limiting the terms of Supreme Court justices and other federal judges, taxing drunk driving and other heavy drinking, and reforming health care to preserve free choice and competition.

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User Review  - jahn - LibraryThing

This McGraw-Hill publication printed by a firm called Quebecor has the most unreadable text I have seen in a book. Not only are parts of nearly every letter missing, but the ink has also bled into ... Read full review


Regulation and Privatization
Labor Markets and Immigration

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About the author (1997)

Gary Becker is Professor of Economics and Sociology at the University of Chicago, a Fellow of the Hoover Institution, and an advisor to Presidential candidate Robert Dole.

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