The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1979
Theodore W. Schultz, Sir Arthur Lewis
Sir Arthur Lewis
Born: 23 January 1915, Castries, British West Indies (now Saint Lucia)
Died: 15 June 1991, Bridgetown, Barbados
Affiliation at the time of the award: Princeton University, Princeton, NJ, USA
Prize motivation: "for their pioneering research into economic development research with particular consideration of the problems of developing countries"
Field: development economics
Contribution: Developed two economic models which mark out the causes of poverty among the population of the developing countries, as well as the factors determining the unsatisfactory pace of development.
Prize share: 1/2