Theodore W. Schultz


Theodore W. Schultz Famous memorial

Arlington, Brookings County, South Dakota, USA
Death 26 Feb 1998 (aged 95)
Evanston, Cook County, Illinois, USA
Burial Badger, Kingsbury County, South Dakota, USA
Memorial ID 61586212 View Source

Economist. He won the 1979 Nobel Prize in Economics for his work emphasizing the role of modernized agriculture in boosting the development of national economies. Schultz also proposed theories surrounding "human capital," the idea that investing in the people through education, health care and adequate nutrition is a necessary and cost-effective step toward building a productive society. As the chair of economics at the University of Chicago from 1946 to 1961, his influence had a profound effect on international development and industrialization, with an emphasis on the establishment of modernized agriculture as the industrial base. The author of 10 books on economics and economic theory, Schultz was also the president of the American Economic Association in 1960, and his work on educational capital and human capital has been carried forward through organizations such as the International Monetary Fund and the World Bank.

Bio by: Frank Crisler

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  • Maintained by: Find a Grave
  • Originally Created by: Frank Crisler
  • Added: 13 Nov 2010
  • Find a Grave Memorial 61586212
  • Find a Grave, database and images ( : accessed ), memorial page for Theodore W. Schultz (30 Apr 1902–26 Feb 1998), Find a Grave Memorial ID 61586212, citing Badger Cemetery, Badger, Kingsbury County, South Dakota, USA ; Maintained by Find a Grave .