American wins Nobel Prize in economics
American Gary Becker won the Nobel Prize in economics for pioneering rational choice theory. His work explains decisions on education family life and marriage, challenging prior views of habit or emotion as dominant factors. Becker 61 and a Chicago sociology economics professor expressed shock at the 1.2 million prize.
MENTIONED IN THIS ARTICLE
Stockholm
Sweden
Gary Becker
Becker
Assar Lindbeck
Royal Swedish Academy of Science
University of Chicago
Becker's economic view reshapes social behavior across fields
A discussion of Gary Becker's theory that rational, economics shaped decisions touch on education, marriage, crime, and family size. Lindbeck notes Becker's influence while acknowledging initial skepticism. Becker treats households as small factories where time and money drive choices, explaining lessening family size as incomes rise.
MENTIONED IN THIS ARTICLE
Becker
FBI director's wife accused of steering pact
The Justice Department has been told that Alice Sessions, wife of FBI Director William Sessions, tried to steer a $100,000 home security contract to a family friend. The inquiry, led by the Office of Professional Responsibility, is wide ranging and under way as Sessions faces an internal probe into personal travel and other matters.
MENTIONED IN THIS ARTICLE
Washington
Justice Department
FBI
William Sessions
Sessions
Department
Paul McNulty
McNulty
Office of Professional Responsibility
Ron Kessler
Associated Press
Kessler
Alice Sessions
Donald Munford
Sarah Munford
Munford
San Antonio
FBI Public Affairs Office
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House Judiciary Committee
Inslaw Inc
Inslaw
Ed Meese
TRIO
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Sam
Stap
Third Ave
Sony Watchman
Magic Chef
Sony
Erca
E Gibson
Toshiba
Hitachi
E Roper
Crosley
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