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How Wealth Is Ordered
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Economist

Theodore Schultz

O - Economic Development, Innovation, and Growth

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/

Facts
Birth Date
1902-04-30 1
Death Date
1998-02-26 1
Nationality
American 1
Connections

Associated With School

Chicago School, Schools of Thought
Source Theodore Schultz (Wikipedia)

Concepts Originated

Human Capital, Concepts

Schultz's 1961 American Economic Review article Investment in Human Capital coined the formal term.

Source Wikipedia
Additional Source Human capital (Wikipedia)

Influenced

Gary Becker, Economists
Additional Source WikipediaGary Becker, infobox Influences field
In the Other Atlases

Nationality

United States

Also in Geography Atlas: the nationality of this subject.

Source Theodore Schultz (Wikipedia)Lead sentence 1
Quote, 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.
Sources
1. Theodore Schultz (Wikipedia)
Wikimedia Foundation
  • Lead section
    Schultz rose to national prominence after winning the 1979 Nobel Memorial Prize in Economic Sciences.
  • Infobox, Born field
    April 30, 1902
  • Infobox, Died field
    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.
View the Source
Human capital (Wikipedia)
Concepts Originated: Human CapitalView the Source
Wikipedia
Wikimedia FoundationInfluenced: Gary Becker, Gary Becker, infobox Influences field
Quote, Influenced: Gary Becker, Gary Becker, infobox Influences field
Influences: Milton Friedman, Theodore Schultz
View the Source
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