Simon Kuznets Quotes

United States, Economist
April 30, 1901 – July, 8, 1985.

Simon Smith Kuznets was an American economist and statistician who received 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."

Also known as Statistician

The welfare of a nation can scarcely be inferred from a measurement of national income as defined by the GDP.

Simon Kuznets
- Nation
- Welfare
- Income
When, over fifty years ago, I first became interested in economics - as a discipline that provided the key to social structure and social problems - it never crossed my mind that one day I might be the honored recipient of a Nobel Memorial Prize.

Simon Kuznets

War and peace type products... cannot be added into a national product total until the differences in the valuation due to differences in the institutional mechanisms that determine their respective market prices are corrected for.

Simon Kuznets
With the variety of fields within economics, broadly conceived and the increasing specialization of scholarly world, the award of a Nobel Memorial Prize honors not only the individual scholar but, implicitly, also a special field or a distinctive method.

Simon Kuznets
- Economics
- Field
- Method
A country's economic growth may be defined as a long-term rise in capacity to supply increasingly diverse economic goods to its population, this growing capacity based on advancing technology and the institutional and ideological adjustments that it demands.

Simon Kuznets
- Growth
- Economic
- Capacity
Mass application of technological innovations, which constitutes much of the distinctive substance of modern economic growth, is closely connected with the further progress of science, in its turn the basis for additional advance in technology.

Simon Kuznets
Success in war and preservation of a country's social framework as a purpose at least equal in importance to welfare of individuals.

Simon Kuznets
- War
- Welfare
- Individuals
Does inequality in the distribution of income increase or decrease in the course of a country's economic growth?

Simon Kuznets
- Growth
- Income
- Inequality

Economists must always be prepared for surprises: they find many in trying to find order in the universe of their study.

Simon Kuznets
- Universe
- Study
- Surprises
Memorable occasions should be brief, and so should be the expressions of appreciation.

Simon Kuznets