Schultz, Theodore William

Schultz, Theodore William, 1902–98, American economist; b. Arlington, S.Dak. He taught at Iowa State College (1930–43) and the Univ. of Chicago (1943–67), but remained active at Chicago long after his retirement. A specialist in agricultural economics and the economic problems of developing countries, he shared the 1979 Nobel Memorial Prize in Economic Sciences with Sir Arthur Lewis . Schultz's work contributed to the development of the concept of human capital. His books include Transforming Traditional Agriculture (1964) and Economic Growth and Agriculture (1968).

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