Theodore william schultz biography

American economist

"Theodore Schulz" redirects here. For the golfer, see Ted Schulz.

Theodore William Schultz (SHUULTS; 30 April 1902 – 26 February 1998) was an American agricultural economist and chairman of the University of Chicago Department of Economics.

Schultz rose to national prominence after winning the 1979 Nobel Memorial Prize in Economic Sciences.

Early life and education

Theodore William Schultz was born on April 30, 1902, in a small town ten miles northwest of Badger, South Dakota, on a 560-acre farm.

When Schultz was in the eighth grade, his father Henry decided to pull him out of attending Kingsbury County Schoolhouse.

Schultz meaning

His father's view was that if his eldest son continued to get an education he would be less inclined to continue working on the farm. Schultz subsequently did not have any formal post-secondary education.

He eventually enrolled in the Agriculture College at South Dakota State, in a three-year program that met for