Kuznets biography
Is the environmental kuznets curve accurate...
Simon Kuznets is best known for his studies of national income and its components. Prior to World War I, measures of GNP were rough guesses, at best.
Simon kuznets biography
No government agency collected data to compute GNP, and no private economic researcher did so systematically, either. Kuznets changed all that. With work that began in the 1930s and stretched over decades, Kuznets computed national income back to 1869.
He broke it down by industry, by final product, and by use.
Kuznets biography
He also measured the distribution of income between rich and poor.
Although Kuznets was not the first economist to try this, his work was so comprehensive and meticulous that it set the standard in the field.
His work was funded by the nonprofit National Bureau of Economic Research, which had been started in 1920. Kuznets later helped the U.S. Department of Commerce to standardize the measurement of GNP. In the late 1940s, however, he broke with the Commerce Department over its refusal to use GNP as a measure of