Simon Kuznets
| Simon Kuznets | |
|---|---|
 |
|
| Born |
April 30, 1901 Pinsk,Russian Empire (present-day Belarus) |
| Died | July 8, 1985 (aged 84) Cambridge, Massachusetts |
| Nationality | American |
| Institution |
NBER Harvard University (1960–1971) Johns Hopkins University (1954–1960) University of Pennsylvania (1930–1954) |
| Field | Econometrics, development economics |
| School or tradition |
Institutional economics |
| Alma mater |
Columbia University, Kharkiv Institute of Commerce |
| Doctoral advisor |
Wesley Clair Mitchell |
| Doctoral students |
Milton Friedman Richard Easterlin Robert Fogel Subramanian Swamy |
| Contributions |
National income data Empirical business cycle research Characteristics of economic growth |
| Awards | Nobel Memorial Prize in Economic Sciences (1971) |
| Information at IDEAS / RePEc | |
Simon Smith Kuznets (/kʊzˈnɛts/, /ˈkʌznɛts/; Russian: Семён Абра́мович Кузне́ц; IPA: [sʲɪˈmʲɵn ɐˈbraməvʲɪtɕ kʊzʲˈnʲɛts]; April 30, 1901 – July 8, 1985) was an American economist, statistician, demographer, and economic historian 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.
Simon Smith Kuznets was born in Belarus in the town of Pinsk to Belarusian-Jewish parents, in the year 1901. He completed his schooling, first at the Kharkiv Commercial Institute at the University of Kharkiv of present-day Ukraine. There he began to study economics and became exposed to Joseph Schumpeter's theory of innovation and the business cycle. In 1918, Kuznets entered the Kharkiv Institute of Commerce where he studied economic sciences, statistics, history and mathematics under the guidance of professors P. Fomin (political economy), A. Antsiferov (statistics), V. Levitsky (economic history and economic thought), S. Bernstein (probability theory), V. Davats (mathematics), and others. Basic academic courses at the Institute helped him to acquire “exceptional” erudition in economics, as well as in history, demography, statistics and natural sciences. According to the Institute’s curriculum, development of the national economies had to be analyzed in the wider context of changes in connected spheres and with involvement of proper methods and empirical data.
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