A Quote by 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.
Iowa State's a great team; I know how tough they are in Ames.
Although I was not aware of it at the time, the experience of growing up during the Great Depression was to have a profound impact on my intellectual and professional career.
Phenomenal people in Ames and throughout the state of Iowa.
I like Iowa. I know Iowa. I've spent some time in Iowa. Good people in Iowa. It's a great state.
I get nostalgic about having lived in Ames, Iowa, even though being a vegetarian in Iowa is not fun.
My parents were both born in 1930. They grew up during the Depression. They wanted their children to have secure lives, to have a good salary and a pension plan. If I could've guaranteed that I'd be a best-selling writer, that would've been one thing, but nobody could say that. So I knew better than to say that was ambition.
In the large sense the primary cause of the Great Depression was the war of 1914-1918. Without the war there would have been no depression of such dimensions. There might have been a normal cyclical recession; but, with the usual timing, even that readjustment probably would not have taken place at that particular period, nor would it have been a "Great Depression.
I remember I had a professor in college. I wrote a great paper. Could never please this guy. But it made me better.
I get nostalgic about having lived in Ames, Iowa, even though being a vegetarian in Iowa is not fun. But I really love Durham more than any place I've ever been; some small towns can be really provincial and strangling, but Durham is the best city in the world.
I know that in Ames, Iowa, they fancy themselves being experts on the wind, but in Lubbock, Texas, we'll put our wind up against your wind in Iowa.
I wanted to be a professional athlete. Young men and women from Montana don't make it to the professional level that often. And I always believed that because I was a great football player that made me better than you. And that's not the case at all.
Mostly I want to talk positive; I wanna talk about a bunch of great kids that I coached and made me look good and the university that I've seen grow from a cow college, which it was, only 12,000 people, and when I came here, we weren't at Pennsylvania State University, we were at Penn State College.
Until the Great Depression, most economists clung to a vision of capitalism as a perfect or nearly perfect system. That vision wasn’t sustainable in the face of mass unemployment, but as memories of the Depression faded, economists fell back in love with the old, idealized vision of an economy in which rational individuals interact in perfect markets.
Think what a contribution selfish people of great talent could have made if their commitments had been made to Jesus Christ instead of to themselves! We will do better in every aspect of our lives if we commit to a God in whose life we see miracles, power over disease and death.
I write with two things in mind. I want to be right with my fellow economists. After all, I've made my life as a professional economist, so I'm careful that my economics is as it should be. But I have long felt that there's no economic proposition that can't be stated in clear, accessible language. So I try to be right with my fellow economists, but I try to have an audience of any interested, intelligent person.
I'm always eager to work with people I admire, people who have experience, who've made mistakes and made great things. That's the greatest teaching I could ever get in developing my own career.
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