The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1979
Co-Nobelist: Sir Arthur Lewis
Agricultural economist. Pioneered ‘human capital’ research. Population quality, knowledge matter. Concern for poor. Keen observer of world in which he lived. Very Humorous.
“Mankind's future is not foreordained by space, energy, cropland. Will be determined by intelligent evolution of humanity. Agree with Margaret Mead: "Future of mankind is open ended."”
Name: Theodore W. Schultz
Birth: 30 April 1902, Arlington, SD, USA
Death:26 February 1998, Evanston, IL, USA26 February 1985, New Haven, CT, USA
Institution: University of Chicago, Chicago, IL, USA
Award: "for their pioneering research into economic development research with particular consideration of the problems of developing countries"
Subject: development economicstheory of optimal allocation of resources
Portion of Prize: 1/2