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Theodore W. Schultz

AKA Theodore William Schultz

Born: 30-Apr-1902
Birthplace: near Arlington, SD
Died: 26-Feb-1998
Location of death: Evanston, IL
Cause of death: unspecified

Gender: Male
Race or Ethnicity: White
Sexual orientation: Straight
Occupation: Economist

Nationality: United States
Executive summary: Investment in Human Capital

Theodore W. Schultz won the Nobel Prize in Economics in 1979, sharing the honor with Sir Arthur Lewis. Schultz's work concerned developing economies, the economics of agriculture, and the value added to an economy when its people are well-educated with easy, efficient access to health care. In Schultz's international studies, he generally eschewed 'visiting professor' status at universities and meetings with bureaucrats, and instead talked with local farmers and rural community groups. In 1965, he was a founding member of the National Academy of Education.

Wife: Esther Florence Werth Schultz

    University: South Dakota State University (attended, 1921)
    University: PhD Economics, University of Wisconsin (1930)
    Teacher: Economics, Iowa State University (1930-43)
    Professor: Agricultural Economics, University of Chicago (1943-98)
    Scholar: Fellow, Advanced Study in the Behavioral Sciences (1956-57)

    Nobel Prize for Economics 1979 (with Sir Arthur Lewis)
    American Academy of Arts and Sciences
    American Economic Association President (1960)
    American Philosophical Society
    Institute of Current World Affairs
    National Academy of Education
    National Academy of Sciences
    National Bureau of Economic Research Board of Directors (1949-67)
    National Bureau of Economic Research
    National Bureau of Economic Research

Author of books:
Redirecting Farm Policy (1943)
Agriculture in an Unstable Economy (1945)
The Economic Organization of Agriculture (1953)
The Economic Value of Education (1963)
Transforming Traditional Agriculture (1964)
Economic Growth and Agriculture (1968)
Investment in Human Capital: The Role of Education and of Research (1971)
Human Resources: Human Capital, Policy Issues and Research Opportunities (1972)
Investing in People: The Economics of Population Quality (1981)


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