Theodore W. Schultz

Curriculum Vitae

Born: April 30, 1902, South Dakota, USA
Education: South Dakota College, University of Wisconsin
Civil Status: Married to Esther Florence Werth, three children
Address: 5620 South Kimbark Avenue, Chicago, IL 60637, USA
1960 President, American Economic Association
1972 Francis A. Walker Medal, American Economic Association
1976 Leonard Elmhirst Medal, International Agricultural Economic Association
1974 Member, National Academy of Sciences
1956/57 Fellow, Center for Advanced Study in the Behavioral Sciences
1957 Fellow, American Farm Economic Association
1958 Fellow, American Academy of Arts and Sciences
1962 Fellow, American Philosophical Society
1960 Guest of Soviet Academy of Sciences
1965 Founding Member, National Academy of Education
Honorary degrees
1949 Grinnell College – LL.D.
1959 South Dakota State College – D.Sc.
1962 Michigan State University – LL.D.
1968 University of Illinois – LL.D.
1968 University of Wisconsin – LL.D.
1979 Catholic University of Chile – LL.D.
Nonacademic offices
1949-67 National Bureau of Economic Research: Member, Board of Directors;
Vice President – 1958
1957-78 The Population Council: Trustee
1935-58 Institute of Current World Affairs: Trustee
1973-77 International Development Research Centre, Canada: Governor
1975 International Agricultural Development Service: Trustee
Books Authored
Redirecting Farm Policy, New York: Macmillan Company, 1943
Agriculture in an Unstable Economy, New York: McGraw-Hill, 1945
The Economic Organization of Agriculture, McGraw-Hill, 1953
The Economic Value of Education, New York: Columbia University Press, 1963
Transforming Traditional Agriculture, New Haven: Yale University Press, 1964
Economic Growth and Agriculture, New York: MacGraw-Hill, 1968
Investment in Human Capital: The Role of Education and of Research, New York: Free Press, 1971
Human Resources (Human Capital: Policy Issues and Research Opportunities), New York: National Bureau of Economic Research, 1972
Books Edited
Food for the World, Chicago: University of Chicago Press, 1945
Investment in Human Beings, Chicago: University of Chicago Press, 1962
Investment in Education: Equity-Efficiency Quandary, Chicago: University of Chicago Press, 1972
New Economic Approaches to Fertility, Chicago: University of Chicago Press, 1973
Marriage, Human Capital and Fertility, Chicago: University of Chicago Press, 1974
Other Publications
“Diminishing Returns in View of Progress in Agricultural Production,” Journal of Farm Economics 14, October 1932.
“Capital Rationing, Uncertainty, and Farm-Tenancy Reform,” Journal of Political Economy 3, June 1940.
“Reflections on Poverty Within Agriculture,” Journal of Political Economy 1, February 1950.
“Declining Economic Importance of Agricultural Land,” Economic Journal 59, December 1951.
“Reflections on Agricultural Production, Output and Supply,” Journal of Farm Economics 3, August 1956.
“Investment in Man: An Economist’s View,” The Social Service Review XXXIII, 2, June 1959, 109-117.
“Value of U.S. Farm Surpluses to Underdeveloped Countries,” Journal of Farm Economics 5, December 1960.
“Capital Formation by Education,” Journal of Political Economy 6, December 1960.
“Investment in Human Capital,” American Economic Review LI, March 1961, 1- 17. American Economic Association Presidential Address.
“Education and Economic Growth,” in Social Forces Influencing American Education, N.B. Henry, ed., Chicago: University of Chicago Press, 1961.
“Institutions and the Rising Economic Value of Man,” American Journal of Agricultural Economics 50, No. 5, December 1968.
“The Allocation of Resources to Research,” in Resource Allocation in Agricultural Research, Walter L. Fishel, ed., Minneapolis: University of Minnesota Press, 1971.
“Knowledge, Agriculture and Welfare,” Science Studies 2, 1972.
“The Increasing Economic Value of Human Time,” American Journal of Agricultural Economics 54, No. 5, December 1972.
“The High Value of Human Time: Population Equilibrium,” Journal of Political Economy 82, No. 2, Part II, March-April 1974.
“The Value of the Ability to Deal with Disequilibria,”Journal of Economic Literature, September 1975.
“On Economics, Agriculture, and the Political Economy,” Elmhirst Memorial Lecture, Nairobi, Kenya, International Association of Agricultural Economists, Decision-Making and Agriculture, Theodor Dams, et al., eds. Oxford: Alden Press, 1977.
“Uneven Prospects for Gains from Agricultural Research Related to Economic Policy,” in Resource Allocation and Productivity in National and International Agricultural Research, Thomas M. Arndt, Dana G. Dalrymple, and Vernon W. Ruttan, eds., Minneapolis: University of Minnesota Press, 1977, pp. 578-89.
“On Economic History in Extending Economics,” Economic Development and Cultural Change, Vol. 25, Supplement, 1977, pp. 245-53.
“Life Span, Health, Savings, and Productivity,” Economic Development and Cultural Change, Vol. 27, No. 3 (April 1979), pp. 399-421, with Rati Ram.
“Investment in Population Quality Throughout Low-Income Countries,” in Philip M. Hauser, ed., World Population and Development: Challenges and Prospects, Syracuse: Syracuse University Press, 1979, pp. 339-60.
“Human Capital Approaches in Organizing and Paying For Education,” for Efficiency and Equity in Education Finance National Symposium, Urbana, Illinios, May 1979.
“The Economics of Research and Agricultural Productivity,” International Agricultural Development Service, Occasional Paper, 1979 (paper presented at the Seminar on Socio- Economic Aspects of Agricultural Research in Developing Countries, May 7- 11, 1979, Santiago, Chile).

From Nobel Lectures, Economics 1969-1980, Editor Assar Lindbeck, World Scientific Publishing Co., Singapore, 1992

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