The adverse economic events following the First World War turned me toward economics... I learned during my youth how hard it was for farm families to stay solvent. Farm product prices fell abruptly by more than half. Banks went bankrupt and many farmers suffered foreclosures. Was politics or economics to blame? I opted for economics.


"Nobelprize.org: Autobiography," in: Nobel Lectures, Economics 1969-1980, Editor Assar Lindbeck, World Scientific Publishing Co., Singapore, 1992

Nobel Prize Theodore W. Schultz - Biographical

Theodore Schultz Quotes

The adverse economic events following the First World War turned me toward economics... I learned during my youth how hard it was for farm families...

The adverse economic events following the First World War turned me toward economics... I learned during my youth how hard it was for farm families...

The adverse economic events following the First World War turned me toward economics... I learned during my youth how hard it was for farm families...

The adverse economic events following the First World War turned me toward economics... I learned during my youth how hard it was for farm families...