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Theodore Schultz

1902–1998

Theodore Schultz was an American economist who won the Nobel Memorial Prize in Economic Sciences in 1979 for his pioneering work on human capital theory and agricultural economics. He argued that investment in education and health is a form of capital that drives economic growth, challenging traditional views that focused solely on physical capital. His research emphasized the role of human resources in development, particularly in poor rural economies.

Economics

Agriculture in an Unstable Economy (1945)
The Economic Organization of Agriculture (1953)
Transforming Traditional Agriculture (1964)
Investment in Human Capital (1971)
The Economics of Being Poor (Nobel Lecture, 1979)
Investing in People: The Economics of Population Quality (1981)
The Value of the Ability to Deal with Disequilibria (1975)

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