On April 30, 1902, economist Theodore W. Schultz was born. His work studying the quick post-war recovery in Germany and Japan led to his development of “human capital theory,” explicated in many books, including Investing in People (1981). He was co-winner (with William Arthur Lewis) of the 1979 Alfred Nobel Memorial Prize in Economic Sciences. Schultz died in 1998.
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Nobel Laureate Economist
