Known for his function in the areas of social and family economics, this School of Chicago teacher received the 1992 Nobel Memorial Prize in Economic Sciences aswell as the 2007 Presidential Medal of Freedom. After graduating from Princeton School in the first 1950s, he gained his Ph.D. in the School of Chicago. Through the past due 1950s and some from the 1960s, he kept a professorship at Columbia School. He devised the “rotten child theorem,” a family group economics proven fact that points out altruism with regards to the financial theory of electricity. With his initial wife, Doria Slote, he elevated daughters called Judy and Catherine. Pursuing Slote’s 1970 loss of life, he wedded Middle East historian Guity Nashat and became the stepfather of Michael and Cyrus Claffey. He and philosopher Jeremy Bentham both examined the complexities and avoidance of criminal offense. Bentham’s logical choice theory, unlike Becker’s function, expresses a good view of individual character and posits that criminal offense can be totally eradicated.