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Important economist dies at 83

  • Gary Becker is known as one of the most important economists of the 20th century. Reports suggest that the professor at the University of Chicago, died at the age of 83. 

    Becker won the Nobel prize in 1992 and focused on issues such as family life, discrimination and crime. He explained in his Nobel Prize lecture that it's hard to explain the complicated human behavior by simple self-interest. 

    "He just pushed economics in so many different directions," an economics professor in Chicago said, as per the Chicago Tribune. "He believed that economics was helpful to understand and improving people's lives and that's how he did his research and that's how he taught."

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