Zitat des Tages von 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.
The adverse economic events following the First World War turned me toward economics.
What many economists fail to understand is that poor people are no less concerned about improving their lot and that of their children than rich people are.
Farmers the world over, in dealing with costs, returns and risks, are calculating economic agents. Within their small, individual, allocative domain, they are fine-tuning entrepreneurs, tuning so subtly that many experts fail to recognize how efficient they are.
