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Theodore William Schultz (April 30, 1902 – February 26, 1998) was the 1979 winner (jointly with William Arthur Lewis) of the Nobel Memorial Prize in Economics. is the 120th day of the year (121st in leap years) in the Gregorian calendar. ...
1902 (MCMII) was a common year starting on Wednesday (see link for calendar). ...
is the 57th day of the year in the Gregorian calendar. ...
Year 1998 (MCMXCVIII) was a common year starting on Thursday (link will display full 1998 Gregorian calendar). ...
Also: 1979 by Smashing Pumpkins. ...
Sir William Arthur Lewis (January 23, 1915 â June 15, 1991) was a Saint Lucian economist well known for his contributions in the field of economic development. ...
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel[1] (Swedish: Sveriges Riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), commonly called the Nobel Prize in Economics, or more acurately the Nobel Memorial Prize in Economic Sciences, is a prize awarded each year for outstanding intellectual...
He was born in Arlington, South Dakota, enrolled in South Dakota State College in 1921 to study agriculture, graduated in 1927, then entered the University of Wisconsin earning his doctorate in economics in 1930. Arlington is a city located in South Dakota. ...
South Dakota State University is the largest university in the U.S. state of South Dakota, located in Brookings. ...
The University of WisconsinâMadison (also known as UWâMadison, Madison, Wisconsin, University of Wisconsin, or UW) is a highly selective public research university located in Madison, Wisconsin. ...
He later taught at Iowa State College, and moved to the University of Chicago in 1943. He later became president of the American Economic Association. He died in 1998. Iowa State University of Science and Technology (ISU) is a public land-grant and space-grant university located in Ames, Iowa, USA. Until 1959 it was known as Iowa State College of Agriculture and Mechanic Arts. ...
The University of Chicago is a private university located principally in the Hyde Park neighborhood of Chicago. ...
The American Economic Association, or AEA, is the oldest and most important professional organization in the field of economics. ...
Year 1998 (MCMXCVIII) was a common year starting on Thursday (link will display full 1998 Gregorian calendar). ...
His contributions
Schultz was awarded the Nobel Prize for his work in development economics, focusing on the economics of agriculture. He analysed the role of agriculture within the economy, and his work has had far reaching implications on industrialisation policy, both in developing and developed nations. Schultz also promulgated the idea of educational capital, an offshoot of the concept of human capital, relating specifically to the investments made in education. This article does not cite any references or sources. ...
Agricultural economics applies the principles of economics to the production of crops and livestock. ...
A factory in Ilmenau (Germany) around 1860 Industrialisation (also spelt Industrialization) or an Industrial Revolution is a process of social and economic change whereby a human society is transformed from a pre-industrial (an economy where the amount of capital accumulated per capita is low) to an industrial state (see...
Human capital is a way of defining and categorizing the skills and abilities as used in employment and as they otherwise contribute to the economy. ...
Schultz researched into why post-World War II Germany and Japan recovered, at almost miraculous speeds from the wide-spread devastation. Contrast this with the United Kingdom which was still rationing food long after the war. His conclusion was that the speed of recovery was due to a healthy and highly educated population; education makes people productive and good healthcare keeps the education investment around and able to produce. One of his main contributions was later called Human Capital Theory, and inspired a lot of work in international development in the 1980s, motivating investments in vocational and technical education by Bretton Woods System International Financial Institutions such as the IMF and the World Bank. Wikipedia does not have an article with this exact name. ...
The global financial system (GFS) refers to those financial institutions and regulations that act on the international level, as opposed to those that act on a national or regional level. ...
The flag of the International Monetary Fund (IMF) The International Monetary Fund (IMF) is the international organization entrusted with overseeing the global financial system by monitoring foreign exchange rates and balance of payments, as well as offering technical and financial assistance when asked. ...
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Bibliography 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 Chigaco Press, 1972
- New Economic Approaches to Fertility, Chicago: University of Chicago Press, 1973
- Economics of the Family: Marriage, Children, and Human Capital, Chicago: University of Chicago Press, 1974
| 1976: Friedman | 1977: Ohlin, Meade | 1978: Simon | 1979: Schultz, Lewis | 1980: Klein | 1981: Tobin | 1982: Stigler | 1983: Debreu | 1984: Stone | 1985: Modigliani | 1986: Buchanan | 1987: Solow | 1988: Allais | 1989: Haavelmo | 1990: Markowitz, Miller, Sharpe | 1991: Coase | 1992: Becker | 1993: Fogel, North | 1994: Harsanyi, Nash, Selten | 1995: Lucas | 1996: Mirrlees, Vickrey | 1997: Merton, Scholes | 1998: Sen | 1999: Mundell | 2000: Heckman, McFadden The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel[1] (Swedish: Sveriges Riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), commonly called the Nobel Prize in Economics, or more acurately the Nobel Memorial Prize in Economic Sciences, is a prize awarded each year for outstanding intellectual...
Winners of the Nobel Prize are scientists, writers and peacemakers who have been awarded in their field of endeavour, and who are known collectively as either Nobel laureates or Nobel Prize winners. ...
Milton Friedman (July 31, 1912 â November 16, 2006) was a prominent American economist and public intellectual. ...
Bertil Ohlin (April 23, 1899 â August 3, 1979), was a Swedish economist and winner of the 1977 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. ...
James Edward Meade (June 23, 1907, Swanage, Dorset â December 22, 1995, Cambridge) was an English economist and winner of the 1977 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel jointly with the Norwegian Bertil Ohlin for their Pathbreaking contribution to the theory of international trade and...
Herbert Alexander Simon (June 15, 1916 â February 9, 2001) was an American political scientist whose research ranged across the fields of cognitive psychology, computer science, public administration, economics, management, and philosophy of science and a professor, most notably, at Carnegie Mellon University. ...
Sir William Arthur Lewis (January 23, 1915 â June 15, 1991) was a Saint Lucian economist well known for his contributions in the field of economic development. ...
Lawrence Robert Klein (born September 14, 1920) is an American economist. ...
For the convicted Republican political operative, see James Tobin (political operative). ...
George Joseph Stigler (1911 - 1991) was a U.S. economist. ...
Gerard Debreu was a naturalized US citizen from France Gerard Debreu (July 4, 1921 â December 31, 2004) was a French economist and mathematician (In July 1975, he became a naturalized citizen of the United States). ...
Sir John Richard Nicholas Stone (August 30, 1913 â December 6, 1991) was an eminent British economist who in 1984 received the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel for developing an accounting model that could be used to track economic activities on a national and...
Franco Modigliani (June 18, 1918 â September 25, 2003) was an Italian-American economist at the MIT Sloan School of Management, and winner of the Nobel Memorial Prize in Economics in 1985. ...
For other persons named James Buchanan, see James Buchanan (disambiguation). ...
Robert Merton Solow (born August 23, 1924) is an American economist particularly known for his work on the theory of economic growth. ...
Maurice Allais (born May 31, 1911) was the 1988 winner of The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel for his pioneering contributions to the theory of markets and efficient utilization of resources. ...
Trygve Magnus Haavelmo (13 December 1911 â 26 July 1999), born in Skedsmo, Norway, was an influential economist with main research interests centered on the fields of econometrics and economics theory. ...
Harry Max Markowitz (born August 24, 1927) is an influential economist at the Rady School of Management at the University of California, San Diego. ...
Merton Howard Miller (May 16, 1923 â June 3, 2000) won the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel in 1990, along with Harry Markowitz and William Sharpe. ...
William Forsyth Sharpe (born June 16, 1934) is Professor of Finance, Emeritus at Stanford Universitys Graduate School of Business and the winner of the 1990 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. ...
Ronald Coase (born December 29, 1910) is a British economist. ...
Gary Stanley Becker (born December 2, 1930) is an economist and a Nobel laureate. ...
Robert William Fogel (born July 1, 1926) is an American economic historian and scientist, and winner (with Douglass North) of the 1993 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. ...
Douglass Cecil North (born November 5, 1920) is co-recipient of the 1993 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. ...
John Charles Harsanyi (Hungarian: Harsányi János) (born May 29, 1920 in Budapest, Hungary; died August 9, 2000 in Berkeley, California, United States) was a Hungarian- Australian-American economist and Nobel Laureate. ...
John Forbes Nash, Jr. ...
Reinhard Selten (born October 5, 1930) is a German economist. ...
Robert Emerson Lucas, Jr. ...
James Alexander Mirrlees (born July 5, 1936, Minnigaff, Scotland) is a Scottish economist and winner of the 1996 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. ...
William Vickrey (June 21, 1914, Victoria, British Columbia - October 11, 1996, New York State) was a Columbia University professor, who was awarded the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. ...
Robert C. Merton (born July 31, 1944), a leading scholar in the field of finance, was one of three men who, in the early 1970s, developed the mathematics of the stock options markets. ...
Myron S. Scholes (born July 1, 1941) is one of the authors of the famous Black-Scholes equation. ...
This article does not cite any references or sources. ...
Robert Alexander Mundell CC (born October 24, 1932) is a professor of economics at Columbia University. ...
James Heckman (born April 19, 1944) is an economist at the University of Chicago. ...
Daniel L. McFadden (born July 29, 1937) is an econometrician who won (jointly with James Heckman) the 2000 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel for his development of theory and methods for analyzing discrete choice. He is currently the E. Morris Cox Professor of...
Complete List | Laureates (1969-1975) | Laureates (2001- ) | |