Simon Smith Kuznets (April 30, 1901–July 8/9, 1985) was an economist who won the 1971 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel "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".
He was born in Kharkiv, Ukraine but moved to the United States in 1922 and was educated at Columbia University. He taught at the University of Pennsylvania, Johns Hopkins University and Harvard University.
His work and its impact on Economics
Kuznets is credited with revolutionising econometrics, and this work is credited with fueling the Keynesian Revolution. His most important book is National Income and Its Composition, 1919–1938. Published in 1941, it is one of the most historically significant works on Gross National Product. His work on the business cycle and disequilibrium aspects of economic growth helped launch development economics.
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