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Nobel Lecture: The Economic Way of Looking at Behavior
Abstract
An important step in extending the traditional theory of individual rational choice to analyze social issues beyond those usually considered by economists is to incorporate into the theory a much richer class of attitudes, preferences, and calculations. While this approach to behavior builds on an expanded theory of individual choice, it is not mainly concerned with individuals. It uses theory at the micro level as a powerful tool to derive implications at the group or macro level. The lecture describes the approach and illustrates it with examples drawn from my past and current work.
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Citations
Cites
On the mechanics of economic development
Lucas, R. E. (1988) · Journal of Monetary Economics · doi:10.1016/0304-3932(88)90168-7 · Cited by 24,085
Becker, G. S. (1991) · doi:10.4159/9780674020665 · Cited by 10,565
Self-citation
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Metadata
- Authors
- Becker, G. S.
- Venue
- Journal of Political Economy
- Publisher
- University of Chicago Press
- Published
- 1993-06
- Volume
- 101
- Issue
- 3
- Pages
- 385-409
- ISSN
- 0022-3808 (ISSN-L)
- 1537-534X
- OpenAlex
- W2120840497
- Cited by
- 1,609
- References
- 2
- FWCI
- 35.35
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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