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