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.
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