Henry Schultz, 1893-1938.

Student of Henry L. Moore, Henry Schultz was a leading Walrasian in the United States, a pioneer in the introduction of quantitative methods into economics and one of the prominent members of the early Chicago School before his sudden death. Indeed, it was tragic disappearance that induced the University of Chicago to invite the Cowles Commission as a "substitute" for Schultz.

Following Moore's lead, Schultz spent much of his short-lived career attempting to statistically estimate demand and supply functions for various products in all the multi-market complexity of Walras's general equilbrium system. His efforts are best captured in his two most famous studies (1928, 1938). His work on the application statistical methods to economic subjects laid much of the groundwork for later econometrics.

Major works of Henry Schultz

• "Elasticity of Demand and the Coefficient of Correlation", 1923, QJE
• "An Extension of the Method of Moments", 1925, JASA
• "Theoretical Considerations Relating to Supply", 1927, JPE.
• "Mathematical Economics and the Quantitative Method", 1927, JPE.
• Statistical Laws of Demand and Supply with Special Application to Sugar, 1928.
• "Rational Economics", 1928, AER
• "Marginal Productivity and the General Pricing Process", 1929, JPE.
• The Meaning of Statistical Demand Curves, 1930.
• "The Standard Error of a Forecast from a Curve", 1930, JASA.
• "The Italian School of Mathematical Economics", 1931, JPE
• "Frisch on the Measurement of Utility", 1933, JPE.
• "The Standard Error of the Coefficient of Elasticity of Demand", 1933, JASA.
• "A Comparison of Elasticities of Demand Obtained by Different Methods", 1933, Econometrica.
• "Interrelations of Demand", 1933, JPE.
• "Interrelations of Demand, Price and Income", 1935, JPE.
• "Review of Leon Walras", 1937, JPE.
• "The Quantitative Method with Special Reference to Economic Inquiry", 1938, Cowles Fourth Annual Research Conference
• The Theory of Measurement of Demand, 1938.
• "A Misunderstanding in Index Theory: The true Konus condition on cost-of-living index numbers and its limitations", 1939, Econometrica