Theodore William Schultz

Theodore William Schultz Net Worth

Theodore William Schultz was a Nobel Prize-winning economist born on April 30, 1902 in South Dakota. He is best known for his theory that government policy was responsible for keeping rural farmers in poverty. Throughout his long career, he wrote nearly a dozen books, including Origins of Increasing Returns in 1993.

Age, Biography and Wiki

Birth Day April 30, 1902
Birth Place South Dakota
Age 118 YEARS OLD
Died On Feb 26, 1998 (age 95)
Birth Sign Taurus

💰 Net worth: $3.1 billion (2024)

About

Winner of the 1979 Nobel Prize in Economics who theorized that rural farmers were kept poor because of government policy. He authored nearly a dozen books in his long career including 1993's Origins of Increasing Returns.

Before Fame

Seeing the poor economy in his native Dakotas in the years following WW I inspired in him an interest in farming economcs.

Trivia

He resigned his professorship at the University of Chicago after his report, suggesting that a vegetable alternative to margarine be used for the war effort, was suppressed after pressure from the dairy industry.

Family Life

He grew up near Arlington, South Dakota.

Associated With

Mohammad Yunus was another Nobel Prize-winning Economist - he developed the concept of microfinancing.

Some Theodore William Schultz images

About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.