American Experience
A Brilliant Madness: American Nobel Economists
Theodore W. Schultz

Schultz shared the 1979 Nobel with British economist Arthur Lewis for his work on the economies of developing countries, stressing the importance of the human factor in agriculture. Schultz witnessed many farm failures during his South Dakota childhood, making him wonder whether economics or politics was to blame. His research led him to the rural areas of low income countries, where he could observe conditions first-hand.

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