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Gary Becker was a pioneering American economist whose groundbreaking work revolutionized the field of social science, earning him widespread acclaim and recognition as one of the most influential thinkers of the 20th century. Through his innovative application of economic principles to a wide range of social phenomena, Becker shed new light on topics such as crime, discrimination, and human capital, fundamentally reshaping our understanding of human behavior and societal dynamics.
"Fines are preferable to imprisonment and other types of punishment because they are more efficient. With a fine, the punishment to offenders is also revenue to the State."
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