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Intellectuals & Academics » Economists » SIMON KUZNETS

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Full name : Simon Kuznets
Alias : Simon Kuznets
Gender : Men
Country : American
Birthday : 30-04-1901
Address : Pinsk
Animals : Ox
Zodiac : Taurus
Died : 08-07-1985
Father :
Mother :
Siblings :
Wife : Edith Handler
Children : Paul Kuznets, Judith Stein
Education : Columbia University Columbia University School of General Studies
Position :
Activists : Economists

Simon Kuznets is known to set a standard that made him stand special among all the other economists of his time because of his meticulous and comprehensive works on national income and its components. This led him to the path of the formulation of the Gross National Product that was widely accepted. Prior to his remarkable theories and discoveries, the calculations of Gross National Product were usually done on guess estimates. At that time, neither the government agencies nor the researchers were bothered to collect empirical data for the computation of GNP systematically except for Simon Kuznets. He presented the concept of this formulation in a repSimon Smith Kuznets was born in Belarus in the town of Pinsk to Belarusian-Jewish parents, in the year 1901. He completed his schooling, first in Ukraine at the Kharkiv Commercial Institute and, in 1922, after immigrating to the United States, at the Columbia University. Before he moved to the states, he worked for a short duration as a section head in the bureau of labor statistics of Ukraine. His father had moved to the United States before the World War I and he joined him there after about 15 years. In the year 1923, he completed his B.Sc. and the next year his M.A from the Columbia University and, in 1926, he received his doctorate. He considered himself fortunate to have worked with a person like Wesley C. Mitchell who was the founder of the National Bureau of Economic Research (NBER) and was an important figure in his life both academically and as a friend.

ort that was sent to the U.S Congress, titled ‘National income’, 1929-1935, which was widely cited. His works sparked a flurry of research programs, which in turn led to more theories and discoveries based on his findings. Kuznets’ painstaking efforts in collecting and organizing data resulted in significant growth in his field. Scroll down further to know more about this brilliant economist.

 

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