In 1992, Gary Becker was awarded the Nobel Prize in Economics for his application of economic theory to sociological issues, particularly his pioneering studies of human capital, discrimination and crime. A Princeton University graduate, he studied with Milton Friedman at the University of Chicago, where he first applied economic analysis to broader social issues. His dissertation on the effects of prejudice on the earnings and employment opportunities of minorities led to his landmark book The Economics of Discrimination, published in 1957. In his 1964 book Human Capital, he examined the...