Birthday profile

Theodore Schultz

Theodore Schultz, American economist and academic, Nobel Prize laureate (died 1998)

Born
April 30, 1902
Died
February 26, 1998
Zodiac sign
Taurus
Birth year
1902

About Theodore Schultz

Theodore William Schultz ( SHUULTS; 30 April 1902 – 26 February 1998) was an American agricultural 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. == Early life and education == 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. 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 possessing great potential as a student, Schultz moved on to a bachelor's program, earning his degree in 1927 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.

Biography source: Wikipedia. The profile adds birthday-specific historical context from the Celebs Birthday Today editorial database.

Career and life highlights

Theodore Schultz timeline

  1. In 1979, Schultz was awarded the Nobel Prize in Economics for his work in human capital theory and economic development.
  2. Schultz was awarded the Nobel Prize jointly with Sir William Arthur Lewis in 1979 for his work in development economics, focusing on the economics of agriculture.
  3. Schultz rose to national prominence after winning the 1979 Nobel Memorial Prize in Economic Sciences.

The world when Theodore Schultz was born

Theodore Schultz was born in 1902. The year snapshot below places that birthday in its cultural and historical setting: the music and films people were following, the headlines shaping public life, and the everyday prices families encountered.

Culture in 1902

  • Best-selling bookThe Tale of Peter Rabbit by Beatrix Potter

Headlines and milestones

  • Major sports momentFirst Rose Bowl game played in Pasadena, California
  • Top headlineEnd of Philippine-American War
  • Technology milestoneAir conditioning invented by Willis Carrier
  • Notable inventionAir conditioning
  • World population~1.62B

United States snapshot

  • U.S. leaderTheodore Roosevelt
  • U.S. population79.0M

1902 versus 2026

These figures put everyday life in Theodore Schultz's birth year beside the site's latest United States snapshot.

Measure19022026
Population79.0M341 million

Sources and editorial standards

This profile combines a biographical source with structured birthday and historical context. Sources recorded for this profile: Wikipedia, Encyclopaedia Britannica, Library of Congress, Wikidata. See our editorial policy for sourcing, corrections, and review standards.

Read the source biography on Wikipedia. Wikipedia text is available under the Creative Commons Attribution-ShareAlike License.