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Simon Kuznets

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Simon Kuznets

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Also known as Simon Smith Kuznets

economist

AI overview

Simon Kuznets was a highly influential 20th-century economist who made major contributions to understanding economic growth and development, particularly through developing methods to measure and analyze national income. His work established important frameworks for studying how economies change over time, which has shaped how governments and researchers understand economic progress today.

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Person · Open Library

Born
1901
Died
1985
Works
25

Top works

  • Economic structure and life of the Jews
  • Wesen und Bedeutung des Trends
  • Income distribution and changes in consumption
  • Inequality in the size distribution of households
  • Size of households and income disparities

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Listeners · Last.fm

Listeners
1
Total plays
1

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Quotes

  • The welfare of a nation can scarcely be inferred from a measurement of national income.
  • Distinctions must be kept in mind between quantity and quality of growth, between its costs and return, and between the short and the long term. Goals for more growth should specify more growth of what and for what.
  • we need far more empirical study than we have had so far of the universe of inventors; any finding concerning inventors... would be of great value... for public policy in regard to inventive activity.
  • The central theme of this paper is the character and causes of long-term changes in the personal distribution of income. Does inequality in the distribution of income increase or decrease in the course of a country's economic growth? What factors determine the secular level and trends of income inequalities?
  • The rural and urban populations does not necessarily drift downward in the process of economic growth: indeed, there is some evidence to suggest that it is stable at best, and tends to widen because per capita productivity in urban pursuits increases more rapidly than in agriculture.
  • The very fact that after a while, an increasing proportion of the urban population was "native," i.e., born in cities rather than in the rural areas, and hence more able to take advantage of the possibilities of city life in preparation for the economic struggle, meant a better chance for organization and adaptation, a better basis for securing greater income shares than was possible for the newly "immigrant" population coming from the countryside or from abroad

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Wikidata facts

Image
Simon Kuznets 1971b.jpg
Show 4 more facts
date of birth
1901-04-30
date of death
1985-07-09
Commons category
Simon Kuznets
name in native language
Simon Smith Kuznets
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Article

Simon Smith Kuznets (/ˈkʌznɛts/ KUZ-nets; Russian: Семён Абра́мович Кузне́ц, IPA: [sʲɪˈmʲɵn ɐˈbraməvʲɪtɕ kʊzʲˈnʲets]; April 30, 1901 – July 8, 1985) was a Russian-born American economist and statistician who received the 1971 Nobel Memorial Prize in Economic Sciences "for his empirically founded interpretation of economic growth which has led to new and deepened insight into the economic and social structure and process of development."

Kuznets made a decisive contribution to the transformation of economics into an empirical science and to the formation of quantitative economic history. Kuznets pioneered the concept of gross domestic product, which seeks to capture all economic production in a state by a single measure.

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