For John, BLUF: Helping us find the perverse incentives and hidden costs. Nothing to see here; just move along.
Law Professor Ilya Somin notes the passing of Professor Gary Becker:
Nobel Prize winner Gary Becker, one of the greatest economists of the last century, passed away on Saturday. Gary Becker did pathbreaking work on numerous issues, including the economics of discrimination, criminal behavior, the family, and the dynamics of political interest groups. Becker pioneered the application of economic analysis to questions that were previously considered the exclusive domain of sociology, law, and political science. He had an enormous influence on scholars in other fields, as well as economists. Several of his books and articles are foundational works for the field of law and economics.Our gain that he lived, our loss that he has moved on.
Hat tip to the Althouse blog.
Regards — Cliff