biography
| name: |
Schultz, Theodore W(illiam)
|
pronunciation:
[shults]
| sex:
| male
|
| lived:
| (1902–98)
|
| biography:
| Economist, born in Arlington, South Dakota, USA. He is best known for his contributions to agricultural economics, his promotion of the human capital theory, and his views on the economics of the family. First focusing his work on US agriculture, he later expanded his work to include the agricultural problems of developing countries. He was part of the ‘Chicago school’ of economic thought as a professor at the University of Chicago (1943–74). After his retirement (1974) he served as a consultant to the United Nations, and in 1980 he shared the Nobel Prize for Economics with W Arthur Lewis. |
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