"Schultz’s domestic agricultural policy views, especially early on, were highly interventionist. In his work on domestic agricultural policy during WWII, Schultz was quite critical of the decentralized price system and envisaged a large role for government in U.S. agriculture. Moreover, government intervention continued to play a key role in his approach to domestic farm policy following the war. But Schultz’s views shifted notably in the classical liberal direction in his economic development work, which emphasized distortions by government programs affecting farmers in low-income countries."
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Academics from the United StatesNobel laureates from the United StatesEconomists from the United StatesNobel laureates in EconomicsPeople from South Dakota
Original Language: English
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Sources
Pasour Jr, E. C. "Theodore W. Schultz (Ideological Profiles of the Economics)." Econ Journal Watch 10.3 (2013): 593-601.
https://en.wikiquote.org/wiki/Theodore_Schultz
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Theodore Schultz
Theodore William "Ted" Schultz (30 April 1902 – 26 February 1998) was an American economist and chairman of the University of Chicago Department of Economics, who was the 1979 winner, jointly with William Arthur Lewis, of the Nobel Memorial Prize in Economic Sciences.
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