Kuznets, Simon, 1956-1967. However, these theories are of a later date. Simon Kuznets (Nobel 1971) usually gets the credit for doing as much as anyone to organize our modern thinking about what should be included in GDP, or left out. ctx.lineTo(30, 120);
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In the 1950s and 1960s, Simon Kuznets hypothesized that as an economy develops, market forces first increase then decrease the overall economic inequality of the society, which is illustrated by the inverted U-shape of the Kuznets curve. Simon Kuznets, the creator of GDP, in 1962. No government agency collected data to compute GNP, and no private economic researcher did so systematically, either. The American Economic Review VOLUME XLV MARCH, 1955 NUMBER ONE ECONOMIC GROWTH AND INCOME INEQUALITY* By SIMON KUZNETS The central theme of this paper is the character and causes of long-term changes in the personal distribution of income. Simon Smith Kuznets (April 30, 1901 – July 8, 1985) was a Belarusian-American economist, statistician, demographer, and economic historian who won the 1971 Sveriges Riksbank 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 … Our main yardstick for the health of the economy is G.D.P.
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