Theodore William Schultz

“A country that is not able to develop its human resources will not be able to develop anything else.”

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

“The key to development is to unlock the potential of people.”

“Investment in human capital is probably the most important of all investments from the standpoint of the economic growth of a modern economy.”

“The decisive factors of production in improving the welfare of poor people are not space, energy, and cropland; the decisive factors are the improvement in population quality and advances in knowledge.”

“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.”

“It is a harsh fact that most people in the world are poor. To leave them in their poverty is a luxury that the affluent can ill afford.”

“The future of mankind is not preordained by nature, by the stars, or by the historical laws of Clio. It is we who will determine the future.”