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The Nobel Prize-winning economist writes that incoming President Reagan's policies are "in large part in the right direction."
Typed Letter signed: "T. W. Schultz", 1 page, 8½x11. Chicago, Illinois, 1981 April 15. On University of Chicago letterhead to Dennis Cooper, Lacey, Washington. In full: "I am responding to your letter of April 4. My judgment is that the economic policy changes on the part of the federal government are in large part in the right direction. Whether the policies that are being advanced by the White House prevail raise considerable doubt. More interesting to me are the issues that I discuss I a book that has just been published by the University of California Press. The title I have given to this book is Investing in People: the Economics of Population Quality. It does support some of the main issues that I have taken up in the book. Let me enclose a reprint of my Nobel lecture [Item not included.] in which I concentrate on the economics of being poor. It, therefore, deals primarily with the economics of low income countries. Sincerely yours". Theodore W. Schultz (1902-1998), of the University of Chicago, was co-winner of the 1979 Nobel Prize in Economics with Sir Arthur Lewis for their pioneering research into economic development, with particular consideration of the problems of developing countries. A recurring theme in Schultz' writing was that agricultural improvements in developing nations were hindered by government policies favoring the urban population. Lightly creased. Signature faded but legible. Fine condition.

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Born: April 30, 1902 in Arlington, South Dakota
Died: February 26, 1998 in Evanston, Illinois

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