Theodore Schultz
Theodore Schultz

Celebrity Profile

Name: Theodore Schultz
Occupation: Intellectuals & Academics
Gender: Male
Birth Day: April 30, 1902
Death Date: 26 February 1998(1998-02-26) (aged 95)
Evanston, Illinois, United States
Age: Aged 95
Birth Place: Arlington, South Dakota, United States, United States
Zodiac Sign: Taurus

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Theodore Schultz

Theodore Schultz was born on April 30, 1902 in Arlington, South Dakota, United States, United States (95 years old). Theodore Schultz is an Intellectuals & Academics, zodiac sign: Taurus. Find out Theodore Schultznet worth 2020, salary 2020 detail bellow.

Does Theodore Schultz Dead or Alive?

As per our current Database, Theodore Schultz died on 26 February 1998(1998-02-26) (aged 95)
Evanston, Illinois, United States.

Net Worth

Net Worth 2020

Undisclosed

Salary 2020

Not known

Biography Timeline

1902

Theodore William Schultz was born on April 30, 1902 in a small town ten miles northwest of Badger, South Dakota on a 560-acre farm. When Schultz was in the eighth grade, his father Henry decided to pull him out of attending Kingsbury County Schoolhouse. His father's view was that if his eldest son continued to get an education he would be less inclined to continue working on the farm. Schultz subsequently did not have any formal post-secondary education.

1928

He eventually enrolled in the Agriculture College at South Dakota State, in a three-year program that met for four months a year during the winter. After being recognized for having great potential as a student, Schultz moved on to a bachelor's program, earning his degree in 1928 in agriculture and economics. He also received an honorary doctorate of science degree from the College in 1959. He graduated in 1927, then entered the University of Wisconsin–Madison earning his doctorate in Agricultural Economics in 1930 under Benjamin H. Hibbard with a thesis, titled The Tariff in Relation to the Coarse-Feed Grains and a Development of Some of the Theoretical Aspects of Tariff Price Research.

1930

Schultz married Esther Florence Werth (1905–1991) in 1930. She was born and raised on a farm near Frankfort, South Dakota of German parents, who encouraged her to pursue schooling. Werth was the first in her family to attend college, receiving a bachelor's degree in commercial science from South Dakota State College in Brookings in 1927, and subsequently worked as a school teacher in Waubay, South Dakota from 1927 to 1929 and then in Gregory, South Dakota from 1929 to 1930. Werth shared Schultz's background in agriculture and commitment to ideals of education and economic development, and throughout his career worked as a primary editor of his published works. In his Nobel Prize Lecture, he acknowledged her contributions thus: "I am also indebted to my wife, Esther Schultz, for her insistence that what I thought was stated clearly was not clear enough." The couple was survived by two daughters and one son.

1960

Schultz taught at Iowa State College from 1930 to 1943. He left Iowa State in the wake of the "oleomargarine controversy", and he served as the chair of economics at the University of Chicago from 1946 to 1961. He became president of the American Economic Association in 1960. He retired in 1970 though he remained active at the University of Chicago into his 90s until a fractured hip left him bedridden.

1972

Schultz received eight honorary degrees in his career. He had the distinction of being the first South Dakota State University graduate and the second South Dakotan to win a Nobel Prize after Ernest Lawrence winner of the 1939 Nobel Prize for Physics. Between 2012 and 2013, South Dakota State University built the Theodore W. Schultz Hall, a residence hall for students pursuing degrees in agriculture. Schultz also was awarded the Francis A. Walker Medal in 1972, which is the highest award given out by the American Economic Associaton.

1979

Shortly after his move to Chicago, Schultz attracted his former student, D. Gale Johnson to the department. Their research in farm and agricultural economics was widely influential and attracted funding from the Rockefeller Foundation to the agricultural economics program at the University. Among the graduate students and faculty affiliated with the pair in the 1940s and 1950s were Clifford Hardin, Zvi Griliches, Marc Nerlove, and George S. Tolley. In 1979, Schultz was awarded the Nobel Prize in Economics for his work in human capital theory and economic development.

1998

Schultz died in Evanston, Illinois on February 26, 1998 at the age of 95. He is interred at Badger Cemetery in Badger, South Dakota.

🎂 Upcoming Birthday

Currently, Theodore Schultz is 120 years, 0 months and 21 days old. Theodore Schultz will celebrate 121st birthday on a Sunday 30th of April 2023. Below we countdown to Theodore Schultz upcoming birthday.

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