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Přínos Theodora Schultze k rozvoji ekonomické teorie
[Theodore Schultz's Contributions to Economic Theory]

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  • Marek Loužek

Abstract

The paper presents the Chicago School economist Theodore Schultz's contributions to economic theory. Schultz is the only agricultural economist to have been awarded the Nobel Prize in Economics. The first part briefly describes the life of Theodore Schultz. The second part deals with his works in the economics of agriculture. The third part discusses his book The Economic Value of Education (Schultz, 1963). The fourth part analyses his work Investing in People (Schultz, 1981). The fifth part explores the book The Economics of Being Poor (Schultz, 1993). The sixth part outlines the book Origin of Increasing Returns (Schultz, 1993). The seventh part discusses his Nobel Prize lecture.

Suggested Citation

  • Marek Loužek, 2022. "Přínos Theodora Schultze k rozvoji ekonomické teorie [Theodore Schultz's Contributions to Economic Theory]," Politická ekonomie, Prague University of Economics and Business, vol. 2022(6), pages 730-748.
    • Handle: RePEc:prg:jnlpol:v:2022:y:2022:i:6:id:1374:p:730-748
    DOI: 10.18267/j.polek.1374
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    References listed on IDEAS

    as
    1. Theodore W. Schultz, 1956. "Reflections on Agricultural Production, Output and Supply," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 38(3), pages 748-762.
    2. Elizabeth M. King & Claudio E. Montenegro & Peter F. Orazem, 2012. "Economic Freedom, Human Rights, and the Returns to Human Capital: An Evaluation of the Schultz Hypothesis," Economic Development and Cultural Change, University of Chicago Press, vol. 61(1), pages 39-72.
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    More about this item

    Keywords

    Human capital; agriculture; poverty;
    All these keywords.

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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