Theodore Schultz: Quotes about people

Theodore Schultz was American economist. Explore interesting quotes on people.
Theodore Schultz: 30 quotes1 like

“Activities that improve human capabilities [can be divided into] five major categories: (1) health facilities and services, broadly conceived to include all expenditures that affect the life expectancy, strength and stamina, and the vigor and vitality of a people; (2) On-the job training, including old-style apprenticeship organized by firms; (3) formally organized education at elementary, secondary and higher levels; (4) study programs for adults that are not organized by firms, including extension programs in agriculture; (5) Migration of individuals and families to adjust to changing job opportunities.”

Theodore Schultz

Source: "Investment in human capital," 1961, p. 9

“Although it is obvious that people acquire useful skills and knowledge, it is not obvious that these skills and knowledge are a form of capital, that this capital is in substantial part a product of deliberate investment, that it has grown in Western societies at a much faster rate than conventional (nonhuman) capital, and that this growth may well be the most distinctive feature of the economic system.”

Theodore Schultz

Source: "Investment in human capital," 1961, p. 1

“Most people in the world are poor. If we knew the economy of being poor, we would know much of the economics that really matter. Most of the world's poor people earn their living in agriculture. If we knew the economics of agriculture, we would know much of the economic of being poor.”

Theodore Schultz

"The Economics of Being Poor," (1979)

“Economists have long known that people are an important part of the wealth of nations.”

Theodore Schultz

Source: "Investment in human capital," 1961, p. 2