Teodor Schultz

Background

The American economist Theodor William Schultz, Anna Elizabeth's son (in girlhood of Veyss) Schultz and Henry Edward Schultz, was born and received education on a farm near Arlington (State of South Dakota).

Education

Because of an acute shortage of labor during World War he generally worked at a family farm, instead of attended school, but in 1921 arrived on short-term agricultural courses at college of the State of South Dakota.

During the economic depression which has begun in 1920 the prices of agricultural products sharply fell, banks went out of business and many farmers appeared under the threat of closing of the farms. In hope to understand the deep reasons of these economic shocks, Schultz in 1924 returned to college and in 1926 ended it, having received degree of the bachelor of sciences. Then he continued training at university of Wisconsin.

Career

In 1930 Schultz started teaching rural economics in college of the State of Iowa (nowadays university of the State of Iowa) in Ames. After less than four years he was appointed the head of new chair on a plan of economic sociology. Its curriculum included courses of the general political economy, rural economics and rural sociology, and her employees participated in collaborations with theorists-economists and experts in the field of statistics, in studying of programs of development of a farm in line with the New course. From World War II beginning these scientists started carrying out a series the research which has received the name "Series of Food and Agricultural Policy of a Wartime" before which, according to traditions of Viskonsinsky university, the task to define was set how the governmental policy can affect agricultural production in national interests. But there were disagreements to policy both as a result in protest Schultz and some his colleagues retired. Same year it arrived to a position of the professor of economic chair of the Chicago university. In an initial stage of the work in Chicago Schultz was fond of universal agricultural problems.

Achievements

• In the 60th Schultz based at the Chicago Center of Comparative Education university. He is the member of the American economic association and the American National academy of Sciences, the charter member of National Academy of Education and the member of the American philosophical society, and also the American academy of Sciences and arts. It held posts of the director and the vice-president of National bureau of economic researches, the managing director of the International center of researches of problems of development in Canada, the trustee of Council for the population at Institute of the current world problems and the International service of agricultural development. He received honourable scientific degrees from Grinnell-college and college of the State of South Dakota, universities Illinois, Viskonsinsky, Dijon, Chilean Catholic, universities of states Michigan and Northern Carolina.

Works

• article

  • "Capital Formation by Education"

• book

  • "Food for the World"

  • "Transforming Traditional Agriculture"

• publication

  • "The Emerging Economic Scene and Its Relation to High School Education"

Views

Schultz's colleague on Yale university described it as "the free idealist in the belief, the sociable enthusiast who never gets tired from teaching activity".

Connections

Father:

Henry Edward Schultz

Mather:

Anna Elizabeth Schultz

Wife:

Esther Florence Vert