Imagine each family as a kind of little factory--a multiperson unit producing meals, health, skills, children, and self-esteem from market goods and the time, skills, and knowledge of its members. This is only one of the remarkable concepts explored by Gary Becker in his landmark work on the family. Becker applies economic theory to the most sensitive and fateful personal decisions, such as choosing a spouse or having children. He uses the basic economic assumptions of maximizing behavior, stable preferences, arid equilibria in explicit or implicit markets to analyze the allocation of time to child care as well as to careers, to marriage and divorce in polygynous as well as monogamous societies, to the increase and decrease of wealth from one generation to another.
Gary BeckerRelated topics
allocation basic care children child choosing divorce equilibrium family generation goods having health increase kind knowledge market marriage self-esteem sensitive stable unit wealth well work Gary usesRelated quotes
For what advantage is it, that the world enjoys profound peace, if thou art at war with thyself? This then is the peace we should keep. If we have it, nothing from without will be able to harm us. And to this end the public peace contributes no little: whence it is said, ‘That we may lead a quiet and peaceable life.' But if any one is disturbed when there is quiet, he is a miserable creature. Seest thou that He speaks of this peace which I call the third (inner, ed.) kind? Therefore when he has said, ‘that we may lead a quiet and peaceable life,' he does not stop there, but adds ‘in all godliness and honesty.' But we cannot live in godliness and honesty, unless that peace be established. For when curious reasonings disturb our faith, what peace is there? or when spirits of uncleanness, what peace is there?
John Chrysostom
Don't forget that God sees you and watches you when you are in pain; He perceives even the beating of your heart. Consequently, He will not leave you without consolation and His fatherly protection. Naturally, the saints rejoiced in their afflictions; as for us, let us at least manage to accept affliction or pain patiently.
My child, pray within your heart, and the name of Jesus will become for you a comforting balm so that you can bear this trial of yours in a way which benefits you. You will greatly benefit from this trial if you submit yourself to it patiently. So again I say to you, with the almighty armor of prayer continually approach the omnipotent Lord more often, and you will come to know how He wondrously lifts the burden of pain and marvellously gives rest to sufferers.
Ephraim of Arizona
I can assure you that there is no career which you will adopt when you leave college that will bring you a more and greater sense of satisfaction and a greater feeling of participation in a great effort than will your work here or in your state or in your community...this generation of Americans - you here who will be in positions of responsibility for the rest of this century - will deal with the most difficult, sensitive, and dangerous problems that any society of people has ever dealt with at any age...The Greeks defined happiness as the full use of your powers along the lines of excellence, and I can imagine no place where you can use your powers more fully along lines more excellent in the 1960's than to be in the service of the United States.
John F. Kennedy
The implicit, or even explicit, offer made by authoritarians is stability in exchange for liberty. High oil prices allowed Putin to keep this bargain for a while, aided by an international community that lost interest in promoting liberty as soon as the Berlin Wall fell. Putin was welcomed by the G7 as an equal while destroying democracy and civil society at home. Imagine how difficult it was for us in Russia to attack Putin's regime as undemocratic while he was being embraced by the leaders of the free world. Even Putin's invasion of neighboring Georgia in August 2008 resulted in no censure or sanction. He was rewarded by Obama and Hillary Clinton's reset a few months later, confirming to him that a move into Ukraine would also go unchallenged.
Garry Kasparov
The behavior of two individuals, consisting of effort which results in output, is considered to be determined by a satisfaction function which depends on remuneration (receiving part of the output) and on the effort expended. The total output of the two individuals is not additive, that is, together they produce in general more than separately. Each individual behaves in a way which he considers will maximize his satisfaction function. Conditions are deduced for a certain relative equilibrium and for the stability of this equilibrium, i.e., conditions under which it will not "pay” the individual to decrease his efforts. In the absence of such conditions "exploitation" occurs which may or may not lead to total parasitism.
Anatol Rapoport