T. W. Shultz

T. W. Shultz was an influential economist known for his work on human capital, particularly how education and training improve individuals’ productivity and economic growth. He argued that investing in people's knowledge and skills is essential for economic development, much like investing in physical capital like machines. His ideas highlighted that education isn’t just a personal benefit but a vital factor in a country's economic prosperity. Schultz’s research helped shape policies emphasizing the importance of education and workforce training as key drivers of economic progress.