Biography Of Simon Kuznets
Real Name
Simon Kuznets
Profession
Economists
Famous as
Economist
Nationality
American
Religion
Jewish
Personal Life of Simon Kuznets
Born on
30 April 1901
Birthday
30th April
Died At Age
84
Sun Sign
Taurus
Born in
Pinsk
Died on
08 July 1985
Place of death
Cambridge
Spouse/Partner
Edith Handler
Children
Paul Kuznets, Judith Stein
Education
Columbia University, Columbia University School of General Studies
Discoveries / Inventions
Life-Cycle-Permanent-Income Hypothesis
Awards
1971 - Nobel Memorial Prize in Economic Sciences
Personal Fact of Simon Kuznets
Simon Kuznets was a noted Russian-American economist, statistician, demographer, and economic historian, born into a well-to-do Jewish family in Belarus at the turn of the twentieth century. Although he started his college education at Kharkiv, he had to leave the country before he could earn his degrees. Subsequently, he immigrated to the USA, where he completed his education at the Columbia University, earning his degrees in quick succession.
Thereafter, he began his career as a member of research staff at the National Bureau of Economic Research, shortly becoming the head of the Bureau’s work on national income accounts. Although many believe he earned his Nobel Prize for this work it was his empirical work on an economic growth that began in northwestern Europe in late eighteenth century and later moved eastward to Russia and Japan that earned him the coveted prize.
Another of his important contribution was what we now know as Kuznets Cycle. It refers to the cyclical nature of production and prices, spanning a period of 15/20 years. Apart from a meticulous researcher, he was also a well-known academic. Beginning his teaching career at University of Pennsylvania, he later moved to Hopkins University and finally to Harvard.
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