Photo from the Nobel Foundation archive.
Theodore W. Schultz
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1979
Born: 30 April 1902, Arlington, SD, USA
Died: 26 February 1998, Evanston, IL, USA
Affiliation at the time of the award: University of Chicago, Chicago, IL, USA
Prize motivation: "for their pioneering research into economic development research with particular consideration of the problems of developing countries."
Contribution: Analysis of the role of investment in human capital for economic development, particularly in agriculture.
Prize share: 1/2