Simon Smith Kuznets

Simon Smith Kuznets

Jewish-American economist Simon Smith Kuznets was born in Russia in a Jewish merchant family in Pinsk (present Belarus), on April 30, 1901. In 1915, Kuznets shifted to Kharkiv (The city was in Russia). In 1915–1917, he completed his primary and secondary classes. He first studied the economics sciences at Kharkiv Institute of Commerce in 1918. In 1922, the economist moved to the United States with his family.

The statistician completed his Bachelor of Science degree at University of Colombia, in 1923. In 1924, he pursued his Master of Arts degree and in 1926 completed his Doctorate degree from the same University. His degree thesis was concerning Minimization issues Economic system. From his doctoral thesis, a book was published and it was “Secular Movements in Production and Prices” in 1930.

From 1927-1961, he worked as a research staff of the (National Bureau of Economic Research) NBER. From 1931-1936, Kuznets acts as a (guest teacher) professor at the University of Pennsylvania and came to the professor at that University (University of Pennsylvania) 1936 until 1954. In 1954, he came to the Professor of Political Economy to the Johns Hopkins University until 1960. After that  Kuznets served at Harvard until 1970.

After that, Kuznets combined with numerous study agencies and government agencies. In 1931–1934, at Mitchell’s behest, the economist took demand in the NBER’s work on U.S. national income accounts, given the first official estimation of the US national income. Within 1936, Kuznets took the particular direct within setting up the particular Discussion with Research Income and Wealth,  which added jointly government officials and school economists, employed within the development of the U.S. national income and product accounts, and within 1947 helped to establish the intercontinental version.

During the World War II, in 1942–1944, the Bureau of Planning and Statistics took the statistician as an associate director at War Production Board. He also participated in military production to expand military production.

After the War, For the governments of China, Japan, India, Korea, Taiwan, and Israel Kuznets served as a consultant in the establishment of their national systems of economic information. he participated with the Growth Center of Yale University, the (Social Science Research Council) SSRC. From 1953–1963 This famous economist also worked as a advisor at the Falk Project for Economic Research in Israel for extensive research  as a Chairman; member of the Board of Trustees and honorary chairman, Maurice Falk Institute for Economic Research in Israel, from 1963; and Chairman, Social Science Research Council Committee on the Economy of China, 1961–1970.

. In 1949 he was elected as the President of the American Statistical Association (1949). In 1954  Kuznets also worked as the President of the American Economic Association. This economist also worked at the various international institution as an honorable member, such as Association of Economic History, the Royal Statistical Society of England, Econometric Society, the International Statistical Institute, the Royal Swedish Academy, the American Philosophical Society,  British Academy. He was awarded the Medal of Francis Walker (1977).

The most historical period for him and also for economic science in 1971. He got the Nobel Memorial Prize 1971 “for his empirically founded interpretation of economic growth which has led to new and deepened insight into the economic and social structure and the process of development”.

At the age of V, this Nobel winner economist Simon Kuznets died on July 8, 1985.

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