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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 natural inside Kharkiv, Ukraine but moved to the United States in 1922 and was educated at Columbia University. He taught at a University of Pennsylvania, Johns Hopkins University and Harvard University.
His work and its impact on Economics
Kuznets is credited sustaining revolutionising econometrics, and this operate is credited by owning fueling a Keynesian Revolution. His first book is National Income & Its Composition, 1919–1938. Promulgated inside 1941, these are one of a virtually all historically important works in Gross National Product. His function on the business cycle and disequilibrium aspects of economic growth helped launch development economics. He likewise exposed inequality all over period, & his resolutions formed a Kuznets Curve.
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