Theodore Schultz Quotes


And for man to look upon himself as a capital good, even if it did not impair his freedom, may seem to debase him... by investing in themselves people can enlarge the range of choice available to them. It is one way free men can enhance their welfare.


Citations

Schultz, Theodore W. "Investment in Human Capital." The American Economic Review, vol. 51, no. 1, American Economic Association, Mar. 1961, p. 2.

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Theodore Schultz
Theodore Schultz
  • Born: April 30, 1902
  • Died: February 26, 1998
  • Nationality: American
  • Profession: Economist

Theodore William Schultz was an American economist and chairman of the University of Chicago Department of Economics. Schultz rose to national prominence after winning the 1979 Nobel Memorial Prize in Economic Sciences.