Simon Kuznets

Simon Kuznets was a Belarusian-American economist whose work shaped national income measurement and the study of economic growth and inequality. He received the 1971 Nobel Memorial Prize in Economic Sciences.

National income accounting: A system for measuring the income, production, and expenditure of an economy. Kuznets helped develop systematic estimates of national income in the United States.
United States national income and product accounts: The integrated official statistics describing production, income, and expenditure in the United States. Kuznets’s pioneering estimates helped shape the system’s early development.
Wesley Clair Mitchell: An American economist known for empirical research on business cycles and economic measurement. Mitchell directed the National Bureau of Economic Research, where Kuznets conducted influential work.
Kuznets curve: A proposed inverted-U relationship between economic development and income inequality. This hypothesis became the best-known idea associated with Kuznets’s work on inequality.
Gross domestic product: The monetary value of final goods and services produced within a country during a period. Kuznets’s national-income work helped establish the statistical foundations later used to measure GDP.
National accounts: A country’s organized statistical record of economic production, income, and expenditure. His work helped turn national accounting into a practical tool for economic analysis.
National Bureau of Economic Research: An American nonprofit research organization that produces economic data and analysis. Kuznets’s long association with the bureau supported his empirical studies of income and growth.
Thomas Piketty: A French economist known for research on wealth, income inequality, and capital accumulation. Piketty’s historical evidence challenges simple claims that development automatically reduces inequality.
Economic growth: An increase over time in an economy’s production of goods and services. Kuznets studied the sources and historical patterns of modern economic growth.
Business cycle: Fluctuations in economic activity around its long-term growth path. Kuznets examined recurring economic fluctuations as part of his broader statistical research.

Linked from 6 pages

Robert FogelRelated: Kuznets’s quantitative approach to economic history helped shape Fogel’s research orientation.