Theodore Schultz’s Contributions to Economic Theory Cover Image

Přínos Theodora Schultze k rozvoji ekonomické teorie
Theodore Schultz’s Contributions to Economic Theory

Author(s): Marek Loužek
Subject(s): Economy, Agriculture, Human Resources in Economy
Published by: Vysoká škola ekonomická v Praze
Keywords: Human capital; agriculture; poverty

Summary/Abstract: The paper presents the Chicago School economist Theodore Schultz’s contributionsto economic theory. Schultz is the only agricultural economist to have been awardedthe Nobel Prize in Economics. The first part briefly describes the life of Theodore Schultz.The second part deals with his works in the economics of agriculture. The third partdiscusses his book The Economic Value of Education (Schultz, 1963). The fourth partanalyses his work Investing in People (Schultz, 1981). The fifth part explores the bookThe Economics of Being Poor (Schultz, 1993). The sixth part outlines the book Originof Increasing Returns (Schultz, 1993). The seventh part discusses his Nobel Prize lecture.

  • Issue Year: 70/2022
  • Issue No: 6
  • Page Range: 730-748
  • Page Count: 18
  • Language: English, Czech