Theodore Schultz (1902-1998) was an American economist at the University of Chicago. He pioneered human capital theory, arguing that investment in education and health raises worker productivity in the same way investment in physical capital does, and applied economic analysis to agricultural development in poor countries. He won the 1979 Nobel Memorial Prize in Economic Sciences, shared with W. Arthur Lewis. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/
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Theodore Schultz
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Concepts Originated
Schultz's 1961 American Economic Review article Investment in Human Capital coined the formal term.
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Additional Source Human capital (Wikipedia)
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Additional Source WikipediaGary Becker, infobox Influences field
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Source Theodore Schultz (Wikipedia)Lead sentence 1Quote, Lead sentence 1
Theodore William Schultz ( SHUULTS; 30 April 1902 – 26 February 1998) was an American agricultural economist and chairman of the University of Chicago Department of Economics.
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1. Theodore Schultz (Wikipedia)
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Schultz rose to national prominence after winning the 1979 Nobel Memorial Prize in Economic Sciences.
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April 30, 1902
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February 26, 1998
In Group: Growth, Innovation and Human Capital Economists, Body
One of his main contributions was later called Human Capital Theory, which he formulated with the help of Gary Becker and Jacob Mincer.
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Wikimedia FoundationInfluenced: Gary Becker, Gary Becker, infobox Influences fieldQuote, Influenced: Gary Becker, Gary Becker, infobox Influences field
Influences: Milton Friedman, Theodore Schultz
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