A professor at the University of Chicago for more than 30 years, Gary Becker is a founder of the Chicago school of economics. A winner of the John Bates Clark Medal and of the Nobel Prize in Economics, he is also a senior fellow at the Hoover Institution.
The U.S. economy grew robustly from 1983 to 2008. And then everything collapsed. What happened? Gary Becker apportions blame and grades the Bush administration's response to the financial crisis: "He [Bush] wouldn't get an A. But I wouldn't give him a C either." Becker also rates the initial and continuing response of the U.S. Federal Reserve to the crisis. Finally, when confronted with the dilemma of how to create economic policy amid conflicting opinions by expert economists, he puts his faith in the people: "What I trust with the American people is that they have always had a lot of common sense. And I think most Americans believe, and I think they are correct in that belief, that the private sector has shown that it performs better overall, not 100 percent, but…a lot better overall than the public sector does."
A professor at the University of Chicago for more than three decades, Dr. Gary Becker is a founder of the Chicago School of Economics. He is a winner of the John Bates Clark Medal and the Nobel prize in economics.
Peter M. Robinson is a research fellow at the Hoover Institution, where he writes about business and politics, edits the Hoover Institution's quarterly journal, the Hoover Digest, and hosts Hoover's television program, "Uncommon Knowledge."
Robinson is also the author of three books: How Ronald Reagan Changed My Life; It's My Party: A Republican's Messy Love Affair with the GOP; and the best-selling business book Snapshots from Hell: The Making of an MBA.
Will President Obama's healthcare reform act increase healthcare costs, rather than lower them? University of Chicago economist Gary Becker argues that, among other issues in the bill, the health insurance plan now required of uninsured Americans is too generous.