Simon Kuznets

Simon Kuznets
Kuznets in 1971
Born(1901-04-30)April 30, 1901
Pinsk, Russian Empire (now Belarus)
DiedJuly 8, 1985(1985-07-08) (aged 84)
Burial placeSharon Memorial Park
CitizenshipUnited States
Academic background
EducationKharkiv Institute of Commerce
Columbia University (BS, MA, PhD)
Doctoral advisorWesley Clair Mitchell
Academic work
DisciplineEconometrics, development economics
School or traditionInstitutional economics
InstitutionsNBER
Columbia University,
Harvard University (1960–1971)
Johns Hopkins University (1954–1960)
University of Pennsylvania (1930–1954)
Doctoral studentsBaidyanath Misra
Milton Friedman
Richard Easterlin
Stanley Engerman
Robert Fogel
Subramanian Swamy
Lance Taylor
AwardsNobel Memorial Prize in Economic Sciences (1971)
Website

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.[1] Kuznets pioneered the concept of gross domestic product, which seeks to capture all economic production in a state by a single measure.[2][3][4]

  1. ^ Abramovitz, Moses (2009). "Simon Kuznets 1901–1985". The Journal of Economic History. 46: 241–246. doi:10.1017/S0022050700045642.. He has been called "one of the most important economists of the twentieth century" by Robert Whaples in a 2018 interview.
  2. ^ "GDP and the National Accounts: One of the Great Inventions of the 20th Century". www.bea.gov.
  3. ^ "Meet the new GDP prototype that tracks inequality". NPR. 2022.
  4. ^ Dickinson, Elizabeth (October 29, 2024). "GDP: a brief history". Foreign Policy. Retrieved October 29, 2024.

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