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Theodore William Schultz was an American economist, researcher, and educator. Born in Arlington in 1902, he died in Evanston in 1998. He was educated at South Dakota State University and the University of Wisconsin–Madison. His professional career included positions at the University of Iowa, Iowa State University, and the University of Chicago, where he served as president.

Schultz was a member of the American Academy of Arts and Sciences, the American Philosophical Society, and the National Academy of Sciences. He received the Prize in Economic Sciences in Memory of Alfred Nobel. His doctoral students included Zvi Griliches and Justin Yifu Lin. He authored the work *Transforming Traditional Agriculture* and spoke English.