- published: 19 Jun 2011
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Simon Smith Kuznets (/kʊzˈnɛts/, /ˈkʌznɛts/; Russian: Семён Абра́мович Кузне́ц; IPA: [sʲɪˈmʲɵn ɐˈbraməvʲɪtɕ kʊzʲˈnʲɛts]; April 30, 1901 – July 8, 1985) was an American economist, statistician, demographer, and economic historian 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".
Kuznets made a decisive contribution to the transformation of economics into empirical science and to the formation of quantitative economic history.
He was born of a Jewish family in Kharkov, located in Ukraine since the country's independence from the Soviet Union in 1991. Kuznets studied in the Second public school taking primary and secondary classes in 1915–1917. After the graduation he enrolled at the University of Kharkiv. There he began to study economics and became exposed to Joseph Schumpeter's theory of innovation and the business cycle. In 1918, Kuznets entered the Kharkiv Institute of Commerce where he studied economic sciences, statistics, history and mathematics under the guidance of professors P. Fomin (political economy), A. Antsiferov (statistics), V. Levitsky (economic history and economic thought), S. Bernstein (probability theory), V. Davats (mathematics), and others. Basic academic courses at the Institute helped him to acquire “exceptional” erudition in economics, as well as in history, demography, statistics and natural sciences. According to the Institute’s curriculum, development of the national economies had to be analyzed in the wider context of changes in connected spheres and with involvement of proper methods and empirical data.
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