One of the observations of Simon Kuznets
, the inventor of the idea of modern economic growth, is that all the nations that experienced their first modern economic growth were open to trade and communication with other countries.
Economist Simon Kuznets
created the measure we call national per capita income, a factor used since the 1930s, to take stock of where a country and its citizens stand.
In the 1950s, the Belarussian-born American economist Simon Kuznets
hypothesized that income inequality as a nation industrializes can be shaped like an inverted U--it increases in the early stages of growth, reaches an apex, and then starts tapering down as the economy matures.
Y, en tiempos modernos, tambien Simon Kuznets
, Albert Hirschman, Nicholas Kaldor y Raul Prebisch.
Indeed, a footnote points to the work of Simon Kuznets
, who forty years ago debunked the idea that antisemitic violence was the main spur to migration.
In February, it sold for $390,848 the Nobel Prize in Economics won by Simon Kuznets
proposed the theory that the economic growth of developing countries will lead to more unequal distribution of income initially, but will eventually become more equal once the country becomes developed.
This is followed by a brief, but well written, introduction on classical authors such as Malthus, Ricardo and Marx, and also more modern classics such as Simon Kuznets
, as well as the author's critique of Kuznets's famous income distribution curve.
In 1955 economist Simon Kuznets
described, on the basis of data about the distribution and growth of income, the "Kuznets Curve": Unskilled workers enter the labor force, earning low wages but acquiring skills.
There is some sectoral detail (agriculture, industry, trade), allowing the construction of simple growth accounts data set, as have been produced by such pioneering economists as Simon Kuznets
, Edward Denison, Moses Abramovitz, John Kendrick, and of course Angus Maddison.
After World War n, increased inequality was not supposed to occur, at least for those economists who followed American economist Simon Kuznets
, who had presented an overly optimistic forecast for reduced levels of inequality in the future.
The system was developed by Simon Kuznets
for a US Congress report in 1934 and, after the Bretton Woods conference of 1944 (which also established the World Bank and the International Monetary Fund as global financial yardsticks), GDP became the main tool for measuring national economies.
Dr Simon Kuznets
argued that societies become less unequal as they become more industrialised.
In 1954, American economist Simon Kuznets
(1901-1985) argued that income inequality would fall as societies modernized.
In the 1950s, economist Simon Kuznets
famously argued that in advanced economies, inequality looks like an inverted U curve, with inequality increasing during the early stages of industrialization, then decreasing as economic development spurs growth that benefits all.