Theodore Schultz
American economist who emphasized education's role in agricultural productivity.
Most quoted
"Most of the people of the world are poor, so if we knew the economics of being poor, we would know much of the economics that really matters."
— from Nobel Lecture, 1979
"The formation of human capital has been the most distinctive feature of the human and economic history of the twentieth century."
— from Nobel Lecture, 1979
"The value of human capital is not just in its productive capacity, but also in its ability to adapt to change."
— from The Value of the Ability to Deal with Disequilibria, 1975
All quotes by Theodore Schultz (101)
The poor are not a homogeneous group; their circumstances and opportunities vary greatly.
The economic value of information is often overlooked.
The family plays a crucial role in the formation of human capital.
The economic value of a child is not just their future earnings, but also the joy and satisfaction they bring.
The economic value of time is a fundamental concept in human capital theory.
The poor are often highly skilled in their traditional practices.
The ability to learn new skills is a critical component of human capital in a changing world.
The economic value of migration is often a reflection of human capital investment.
The economic value of a good diet is a form of human capital investment.
The economic value of political stability is a form of human capital investment.
The economic value of property rights is crucial for human capital formation.
The economic value of trust and social capital is often underestimated.
The economic value of a strong legal system is a form of human capital investment.
The economic value of a well-functioning market is crucial for human capital development.
The economic value of a stable currency is a form of human capital investment.
The economic value of access to credit is important for human capital formation.
The economic value of infrastructure is a form of human capital investment.
The economic value of public goods, like clean air and water, is often overlooked.
The economic value of a peaceful society is a form of human capital investment.
The economic value of a well-governed society is crucial for human capital development.
Contemporaries of Theodore Schultz
Other Economicss born within 50 years of Theodore Schultz (1902–1998).