Can China eradicate poverty? | East Asia Forum
East Asia Forum
China has had remarkable success in alleviating poverty. According to World Bank statistics, over the past several decades China has accounted for more than ...
Behind US GDP's Q2 Dud: Quirky Categories and Oil
And, what isn't tabulated at all makes GDP more disconnected from reality: As Nobel laureate Simon Kuznets—the man who led the effort to build the US National Income Product Accounts underpinning GDP—acknowledged in the 1930s, any effort to ...
Weekend Reads from India: Turkey, Inequality, and the Kuznets Curve
CFA Institute Enterprising Investor (blog)
Nobel laureate Simon Kuznets, working in the mid-20th century, hypothesized that income inequality grew at first but then decreased as an economy proceeded through the stages of development, resulting in an inverted “U”-shaped Kuznets curve. Kuznets's ...
Globalisation and its discontents – World Finance
Digression: Simon Kuznets, a great quantitative economic historian, guessed wrong about the future. Professor Kuznets opined that initial growth would first worsen equality; but later, he expected, competitive markets would restore greater equality.