Theodore Schultz

My professional apprenticeship at Iowa State College from 1930 to 1943 could not have been better; the Great Depression made it so, and the talented younger economists at Ames during that period made it an exciting and profitable intellectual experience.

In general, I avoided giving lectures or attaching myself while abroad to a university. To learn what I wanted to know, I went instead to rural communities and onto actual farms. Talk with university people, government officials and U.S. personnel stationed in the country was much less rewarding for me.

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.

I would say my fraternity was nothing but a bunch of farm boys; we weren't really in the whole fraternity scene, but yeah, that's a safe assessment of who I am. I've lived that life, growing up in agriculture and then going off to college and joining a fraternity, livin' that life.

Short stories are my favorite art form. A good one is compact and complete, a telling little slice of life, capturing a moment in time that - for the character - defines her, changes her, is the tipping point for all that will follow.