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The medal awarded to the economist Simon Kuznets in 1971 was sold to an unidentified bidder for $390,848, one of only a few such medals ever to have been sold. ....
New York Times 2015-02-28Now another Nobel medal - this one awarded to the economist Simon Kuznets in 1971 - is on the auction block ... Economist Simon Kuznets when he received his Nobel Prize in 1971 ... Though far from a household name, Simon Kuznets helped lay the foundation of the modern field of economics by creating standard measures of national income and economic growth....
Canberra Times 2015-02-24The medal awarded in 1971 to the economist who created standard measures of national income and economic growth is on the auction block. ....
New York Times 2015-02-24India on Monday released its GDP growth estimate for the current fiscal year, the latest data under a new methodology that everyone including the central bank governor is still grappling with ... Even the U.S. methodology -- first developed at the request of the Department of Commerce in the 1930s to make up for fragmented information about the economy, and spearheaded by Nobel laureate Simon Kuznets -- has come under criticism ... ....
Bloomberg 2015-02-10Government officials have long been obsessed with gross-domestic-product figures, as economic growth is the main yardstick for their performance and, therefore, their prospects for promotion ... State media generally welcomed the decision ... Even Nobel laureate Simon Kuznets, who invented the term GDP, once warned that "welfare of a nation can scarcely be inferred from a measurement of national income" ... ....
South China Morning Post 2015-01-31The suggestion that there’s more to life than growth at all costs caused a furore, but many economists agree. The Bank of England scrutinises GDP figures every quarter, but there are calls for it to look at 'natural capital' too. Photograph. Andy Rain/EPA ... Even Simon Kuznets, who carried out much of the pioneering work in compiling detailed records of US GDP at American’s National Bureau of Economic Research during the 1930s, insisted ... 1....
The Guardian 2015-01-31[Addis Fortune]In presenting the gross domestic product (GDP) to United States Congress in 1934, renowned economist Simon Kuznets discussed its uses and limits. After presenting an itemized list of the things measured by the GDP, Kuznets noted, "The boundaries of a "nation" in "national" income are still to be defined; and a number of other services also be considered a proper part of the national economy's end-product."...
All Africa 2015-01-20Related articles. Education is key to tackling income inequalities Nobel award backs case for market regulation Many benefits to decent pay — and no, it does not kill jobs IN THE MARKETS ... In the 1950s, economist Simon Kuznets argued that economic growth in developing countries initially leads to rising inequality ... According to Kuznets, income distribution should therefore be more equal in rich than poor countries ... Read this next. ....
Business Day 2015-01-19Are you wondering whether to read Thomas Piketty's 700-page book or give it to a loved one this holiday season?. I was too. So I picked it up in Barnes & Noble while having coffee with my partner. As is my habit with new books, I checked the index first. The book flunked my first test ... As intensely as I care about the distribution of wealth and income inequality, I wasn't interested in proving Karl Marx wrong or Simon Kuznets right....
Huffington Post 2014-12-19In those 20 years, the idea of India, embodying diversity and democracy, tolerance and self-confidence, had given way to a closing of the Indian mind and an upsurge of xenophobia ... The Planning Commission and the Indian Statistical Institute were encouraged by Nehru to invite brilliant minds to visit and work in India — these included Ragnar Frisch, Jan Tinbergen, Oskar Lange, Charles Bettelheim, Richard Stone, Simon Kuznets, N....
The Hindu 2014-11-12Realities around us can and do change and most of the time, we cannot alter the path of the changes taking place. We ourselves are also subject to the effects of change ... Simon Kuznets , the Nobel Prize-winning economist who introduced the concept of GDP to the US Congress in 1934, was actually the first to caution about GDP's limitations. Kuznets wrote ... ....
The Malta Independent 2014-11-10“Inclusive Growth” is now a cliché used by policymakers, especially by those in the late lamented Planning Commission ... When income disparities began to widen, neocons comforted themselves by leaning on the prognosis of Simon Kuznets, i.e ... Sadly, in his latest classic Capital in the Twenty-First Century Thomas Piketty established that the Kuznets curve was flawed and did not conform to longer term data ... A U.N ... (Chapter 4)....
The Hindu 2014-11-03Using this method, the standard historical GNP series, known as the Kuznets series, shows somewhat more volatility in the Federal Reserve era than in the pre-Fed era ... Simon Kuznets and William Shaw compiled prewar GNP data, Edwin Frickey estimated prewar industrial output figures, and Stanley Lebergott approximated various labor statistics for the early 1900s ... The standard prewar GNP series is the Kuznets series, published in 1961....
noodls 2014-10-25Simon Smith Kuznets ([pronunciation?]; Russian: Семё́н Абра́мович Кузне́ц; IPA: [sʲɪˈmʲɵn ɐbˈraməvʲɪtɕ kʊzʲˈnʲets]; April 30, 1901 – July 8, 1985) was a Russian American economist at Harvard University 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".
He was born into a Belarusian-Jewish family at Pinsk, Russian Empire (now in Belarus) and started his higher education in Kharkiv Commercial Institute, Ukraine, but moved to the United States in 1922 and was educated at Columbia University School of General Studies, receiving his B.Sc. in 1923, M.A. in 1924, and Ph.D. in 1926.
From 1925 to 1926, Kuznets spent time studying economic patterns in prices as the Research Fellow at the Social Science Research Council. It was this work that led to his book Secular Movements in Production and Prices, published in 1930.
From 1930 until 1936, Kuznets was a part-time professor at the University of Pennsylvania and as professor of Economics and Statistics from 1936 until 1954. He was elected to the Pi Gamma Mu social science honor society chapter at the University of Pennsylvania and actively served as a chapter officer in the 1940s. In 1954, Kuznets moved to Johns Hopkins University, where he was Professor of Political Economy until 1960. From 1960 until his retirement in 1971, Kuznets taught at Harvard University.
Subramanian Swamy (born 15 September 1939 in Chennai, India sometimes spelt Subramaniam Swamy) is an Indian politician, academician and an economist. He is the President of the Janata Party of India. He also presently serves as chairman of the SCMS Board of Governors of the SCMS Group of Educational Institutions in Kerala.
Swamy has previously served as member of the Planning Commission of India and Cabinet Minister of India. He has written extensively on foreign affairs dealing largely with India-China, India-Pakistan and Indo-Israel relation and is also a published author.
In November 1978, Swamy was member of the Group of Eminent persons called to Geneva to prepare a report of the United Nations (UNCTAD) on Economic Co-operation between Developing countries (ECDC).Swamy simplified trade procedures and formulated a new export strategy which became the forerunner of trade reform adopted subsequently. In 1994, Swamy was appointed as Chairman of the Commission on Labour Standards and International Trade by then Prime Minister P. V. Narasimha Rao. This was perhaps for the first time that an Opposition Party member was given a Cabinet rank post by the ruling party.