I am saying that the economic approach provides a valuable unified framework for understanding all human behaviour

Even a wizard would have a great deal of difficulty repealing the economic law that higher minimum wages reduce employment. Since politicians are not wizards, they should not try.

A stronger yuan could lead to greater Chinese asset accumulation in the U.S. and elsewhere.

The Treatise tries to analyze not only modern Western families, but also those in other cultures and the changes in family structure during the past several centuries.

The most fundamental constraint is limited time

Still, intuitive assumptions about behavior is only the starting point of systematic analysis, for alone they do not yield many interesting implications.

My work on human capital began with an effort to calculate both private and social rates of return to men, women, blacks, and other groups from investments in different levels of education.