Theodore William "Ted" Schultz (30 April 1902 – 26 February 1998) was an American economist, 1979 Nobel Laureate, and chairman of the Chicago School of Economics.
Theodore William Schultz was born on April 30, 1902 ten miles northwest of Badger, South Dakota on a 560-acre farm. Schultz married Esther Florence Werth (1905–1991) in 1930. She was born and raised on a farm near Frankfort, South Dakota of German parents.
Schultz died in Evanston, Illinois on February 26, 1998 at the age of 95. He is interred at Badger Cemetery in Badger, South Dakota.
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