20th century 30's and 40's, Schultz as an agricultural economist, published a series on American agriculture
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Crisis research papers. He then extended the study to the world's developing countries. His classic work of this period include the "instability in the agricultural economy," "agricultural production and welfare." His most brilliant work published in 1964, "the transformation of traditional agriculture."
The main features of Schultz that he did not in isolation to study the agricultural economy, but agriculture economy as a part of economy. Schultz is concerned that the lagging agricultural development, poverty and high productivity industries, the contrast between the high income levels.
He is the first systematic analysis of investment in education to affect agricultural productivity and economic development of the scholar. Schultz based on non-equilibrium method to analyze the development potential of agriculture. His research not only the United States, but also other developing countries. Schultz has been criticized on various occasions, the industrialization of agriculture in some developing countries the policy of discrimination. Schulz on the health of Third World countries, population impact on economic development issues were also discussed.
Gail Johnson, his students have been so highly of him, "Schultz is an outstanding innovation in development economics, he is a preacher who Tuition FAQ's division, a successful academic administrator, a keen observer. "
As a scholar, Schultz and reality in the study always remain close. Given the opportunity, he would come to the field, and talk to people, observing how people solve problems. He factors in the definition of economic development economists to show a remarkable ability and wisdom. In the long-term study, he showed outstanding issues to explore and open up a new field of study.
Schultz was in office at Iowa State College (now Iowa State University), economics, sociology department head during the academic with his keen intuition and academic management, to obscure the University of Iowa, Department of Economics leap Department of Economics of the United States one of the most famous. 1943 he has been teaching at the University of Chicago, from 1946 to 1961 served as Head of the Department of Economics, University of Chicago, is the "Chicago School" of the righteous. In 1960 he was elected president of the American Economic Association, American Economic Association in 1972, won the top honor --- Francis Walker Award.
Because "in the field of economic development contribution, especially to developing countries, the economic initiative for doing research", in 1979 he and another American economist Arthur Lewis share a year The Nobel Prize in Economics.
Schultz on February 26, 1998 death, his wisdom, ideas and theories will continue to illuminate the way forward for developing countries.
西奧多·舒爾茨1902年出生於美國南達科他州的壹個農場。在他的青少年時期，他目睹了農民在二次世界大戰後生活的艱辛，他在自傳中這樣描述，“農產品價格跌幅超過壹半，銀行破產，農戶難以為繼”。也正是第壹次世界大戰後的經濟衰退使他對經濟活動產生興趣，並引導他進入經濟學的殿堂。
20世紀30年代和40年代，舒爾茨作為壹名農業經濟學家，發表了壹系列關於美國農業
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危機的研究論文。隨後他將研究延伸至全世界的發展中國家。他這壹期間的經典著作包括《不穩定經濟中的農業》、《農業生產和福利》。他最光輝的著作是1964年出版的《改造傳統農業》。
舒爾茨研究的主要特點是他沒有孤立地去研究農業經濟，而是將農業經濟作為經濟體的壹部分。舒爾茨關註的是農業發展的滯後、貧窮與工業的高生產率、高收入水平之間的反差。
他是第壹個系統分析教育投資如何影響農業生產率以及經濟發展的學者。舒爾茨基於非均衡方法對農業的發展潛力展開分析。他的研究對象不僅僅是美國，而且包括其他發展中國家。舒爾茨曾在不同場合抨擊壹些發展中國家歧視農業的工業化政策。舒爾茨對第三世界國家健康因素、人口問題對經濟發展的影響也進行了論述。
他的學生蓋爾·約翰遜曾這麽評價他，“舒爾茨是發展經濟學的傑出創新者，他是壹個傳道授業解惑的師者，壹個成功的學術管理者，壹個敏銳的觀察者。”
作為壹名學者，舒爾茨在研究中始終與現實保持接近。只要有機會，他就會走到田間，與人們交談，觀察人們怎麽解決問題。他在界定經濟發展因素時表現出壹個經濟學家非凡的能力和智慧。在長期的研究中，他表現出探索問題的突出才能並開拓了壹個新的研究領域。
舒爾茨在任愛荷華州立學院（現為愛荷華州立大學）經濟學、社會學系主任期間，憑借其敏銳的學術直覺和學術管理能力，使默默無聞的愛荷華大學經濟學系壹躍成為美國最著名的經濟系之壹。1943年後他壹直在芝加哥大學任教，1946至 1961年間擔任芝加哥大學經濟學系主任，是“芝加哥學派”的代表人物之壹。1960年他當選為美國經濟學會會長，1972年榮獲美國經濟學會最高榮譽 ———弗朗西斯·沃爾克獎。
由於“在經濟發展研究領域中所做出的貢獻，特別是對發展中國家的經濟問題所做的首創性研究”，1979年他與另壹名美國經濟學家阿瑟·劉易斯***同分享了當年的諾貝爾經濟學獎。
舒爾茨於1998年2月26日逝世，他的睿智、思想和理論將仍然照亮發展中國家的前進道路。