The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Schultz, T. W. (1902–1998)

  • James R. Walker
Reference work entry


Theodore W. Schultz transformed the study of agricultural economics and economic growth and development. He made seminal contributions advocating the importance of human capital and particularly education for understanding economic growth in developed and developing countries. In this brief sketch I review his intellectual contributions to economics.


Agricultural economics Economic demography Economic growth Education in developing countries Green revolution Human capital Marshall, A. Measurement Poverty Schultz, T. W. 

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The National Science Foundation and the National Institute of Child Health and Human Development provided research support. I thank Glen Cain, T. Paul Schultz and Kenneth I. Wolpin for comments.


  1. Balogh, T. 1964. Review of transforming traditional agriculture. Economic Journal 70: 996–999.CrossRefGoogle Scholar
  2. Griliches, Z. 1957. Hybrid corn: An exploration in the economics of technological change. Econometrica 4: 501–522.CrossRefGoogle Scholar
  3. Johnson, D.G. 1998. In memoriam: Theodore W. Schultz. Economic Development and Cultural Change 47: 29–213.CrossRefGoogle Scholar
  4. Nerlove, M. 1999. Transforming economics: Theodore W. Schultz, 1902–1998: In memoriam. Economic Journal 109: F726–F748.CrossRefGoogle Scholar

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • James R. Walker
    • 1
  1. 1.