SCHULTZ (Theodore W.)
Nobel Lecture: The Economics of Being Poor. [with:] Typed Letter Signed ('T. W. Schultz') to 'Mr. Dennis Cooper'.
A signed copy of Schultz’s Nobel Lecture, offprinted from the Journal of Political Economy, with a Typed Letter Signed from Schultz to an unidentified ‘Mr. Dennis Cooper’ in which Schultz briefly discusses the economic policy of the federal government and references his book Investing in People: The Economics of Population Quality (1981) ‘that has just been published’. The letter concludes with Schultz stating that he is enclosing the present signed offprint of his Nobel Lecture, ‘in which I concentrate on the economics of being poor. It, therefore, deals primarily with the economics of low income countries.’
In his 1979 Nobel Prize lecture Schultz summarised the motivation for his research as such: ‘Most of the people in the world are poor, so if we knew the economics of being poor, we would know much of the economics that really matters. Most of the world’s poor people earn their living from agriculture, so if we knew the economics of agriculture, we would know much of the economics of being poor.’
