Influences and Legacy
Henry Schultz was the doctoral thesis advisor for several students at Chicago, notably 1978 Nobel Prize in Economics winner Herbert A. Simon and future Cowles Commission director Theodore O. Yntema. Schultz also 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 tragic early death, was in danger to disappear. This prompted the University to invite the Cowles Commission, which had a research agenda focused on empirical economics, to move its headquarters there. As a result, the Commission moved to the University of Chicago in 1939 and Theodore O. Yntema, one of Schultz's students, was named as its new president.
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