Who Won the 1971
Nobel Prize Economics

Simon Kuznets

1970 Nobel Prize Economics Winner
1972  Winner

1971 Nobel Prize Economics Photos

Simon Kuznets News

1971 Nobel Prize Economics Winner Simon Kuznets News

Shanghai's shunning of GDP obsession seen as welcome move towards quality ...

South China Morning Post (subscription)
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". He cautioned that excessive growth could degrade the quality of life through ...

1971 Nobel Prize Economics Winner Simon Kuznets News

Beyond GDP: Greens spark debate on a better measure of progress

The Guardian
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: “The welfare of a nation can scarcely be inferred from a measure of ...

1971 Nobel Prize Economics Winner Simon Kuznets News

Book Review | The History Manifesto

Livemint
In fact, empirical data emanating from advanced societies shows an increase in inequity, raising questions about the findings of Nobel laureate Simon Kuznets. Kuznets' study had shown a direct correlation between the two—increasing capitalist ...

1971 Nobel Prize Economics Winner Simon Kuznets News

Trevor Hancock: GDP is not a useful measure of well-being

Times Colonist
First, GDP, a measure that was developed in 1934 by Simon Kuznets for the U.S. Congress. He warned against its use as a measure of social welfare, noting that “the welfare of the nation can scarcely be inferred from a measurement of national income.

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