Monday, June 15, 2015

19.71 (Cat) Simon Kuznets

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel

1971

Simon Kuznets

"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"

Simon Smith Kuznets (April 30, 1901 – July 8, 1985) was an American economist, statistician, demographer, and economic historian who won 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."

A THEORY OF ECONOMIC GROWTH

Research program that involved extensive empirical studies on the four key elements of economic growth. In fact, the demographic growth, the growth of knowledge, in-country adaptation to growth factors and external economic relations between the countries. The general theory of economic growth should explain the development of advanced industrial countries, and the reasons that prevent the development of less developed countries, It should include the differences between both market and planned economies, large and small, developed and developing countries, consider the impact on growth of foreign economic relations.

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