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Simon Kuznets

File:Simon_Kuznets_1971b.jpg · Wikimedia Commons · See Wikimedia Commons

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Simon Kuznets

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Also known as Simon Smith Kuznets

economist

OverviewAI-generated

Simon Kuznets was a male economist and statistician born in Pinsk in 1901. He held citizenship in the Russian Empire and the United States. Kuznets was educated at Columbia University and served as a doctoral student under Wesley Clair Mitchell. His professional career included positions at Harvard University, Johns Hopkins University, and the University of Pennsylvania, where he held the position of chairperson. He was a member of the Royal Swedish Academy of Sciences, the American Academy of Arts and Sciences, the American Philosophical Society, and the American Association for the Advancement of Science.

Kuznets received the Prize in Economic Sciences in Memory of Alfred Nobel. He was interested in economics and spoke English. His notable works include *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*, and *Size of households and income disparities*. He stated that "The welfare of a nation can scarcely be inferred from a measurement of national income." Kuznets died in Cambridge in 1985. He was the doctoral advisor to Milton Friedman, Richard Easterlin, Stanley Engerman, and Robert Fogel.

Synthesized by Vinony from 39 facts across 9 sources: Wikidata, Crossref, MusicBrainz, Last.fm, Wikiquote, Open Library, Nobel Prize, Vinony collections, Vinony graph. Generated from structured data (not the Wikipedia text) and checked against those facts — may still contain errors.

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

via Open Library + Wikidata

Listeners · Last.fm

Listeners
1
Total plays
1

<a href="https://www.last.fm/music/Simon+Kuznets">Read more on Last.fm</a>

via Last.fm · Simon Kuznets

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

via Wikiquote · CC BY-SA

Nobel Prize

  • The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel1971

    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

~20 min read

Encyclopedic overview

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.

Excerpted from Wikipedia’s “Simon Kuznets” article, available under the CC BY-SA 4.0 licence.

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