Simon Kuznets

Simon Kuznets
Kuznets in 1971
Born(1901-04-30)April 30, 1901
DiedJuly 8, 1985(1985-07-08) (aged 84)
Burial placeSharon Memorial Park
NationalityAmerican
EducationKharkiv Institute of Commerce
Columbia University (BS, MA, PhD)
Academic career
FieldEconometrics, development economics
InstitutionNBER
Columbia University,
Harvard University (1960–1971)
Johns Hopkins University (1954–1960)
University of Pennsylvania (1930–1954)
School or
tradition
Institutional economics
Doctoral
advisor
Wesley Clair Mitchell
Doctoral
students
Baidyanath Misra
Milton Friedman
Richard Easterlin
Stanley Engerman
Robert Fogel
Subramanian Swamy
Lance Taylor
AwardsNobel Memorial Prize in Economic Sciences (1971)
Information at IDEAS / RePEc

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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