12 Facts About Henry Schultz

Henry Schultz was an American economist, statistician, and one of the founders of econometrics.

Paul Samuelson named Schultz as one of the several "American saints in economics" born after 1860.

Henry Schultz was born on September 4,1893, in a Polish Jewish family in Sharkawshchyna, in the Russian Empire.

Henry Schultz completed his primary education, as well as undergraduate studies at the College of the City of New York, receiving a BA in 1916.

For graduate work, Henry Schultz enrolled at Columbia University, but had to interrupt studies in 1917 because of World War I After the war he received a scholarship which enabled him to spend 1919 at the London School of Economics and the Galton Laboratory of University College London, where he had the opportunity to attend Karl Pearson's lectures on statistics.

Henry Schultz continued studying for his doctoral degree at Columbia, while at the same time conducting statistical work for the War Trade Board, the United States Census Bureau and the United States Department of Labor.

Henry Schultz was awarded a PhD in economics from Columbia in 1925 with a thesis entitled Estimation of Demand Curves, written under the supervision of Henry L Moore.

In 1926, Henry Schultz went to the University of Chicago, where he spent the rest of his career teaching and doing research.

Henry Schultz died on November 26,1938, near San Diego, California, in a car accident that killed his wife and his two daughters.

Henry Schultz's research was centered around a large program dedicated to the theory and estimation of private demand for goods functions, a project which started in the early 1920s, during his studies at the University of Chicago, and was completed shortly before his death with the publication of his book, The Theory and Measurement of Demand.

Henry Schultz influenced Milton Friedman, who was his student and, for a year, his research assistant.

Henry Schultz started a mathematical economics school at the University of Chicago which, after his death, was in danger to disappear.