Quote of the day
We are half ruined by conformity, but we should be wholly ruined without it.
Theodore Schultz
Born: April 30, 1902
Died: February 26, 1998 (aged 95)
Bio: Theodore William "Ted" Schultz was an American economist, Nobel Laureate, and chairman of the Chicago School of Economics. Schultz rose to national prominence after winning the 1979 Nobel Memorial Prize in Economic Sciences.
Known for:
- The Economics of Being Poor (1979)
- Origins of increasing returns (1993)
- Agriculture in an Unstable Economy (1945)
- Production and welfare of agriculture