A question of wellbeing
GDP was first introduced in the 1930s in the USA by economist Simon Kuznets at the behest of then president Franklin Roosevelt. The USA was deep in recession (the Great Depression) and the president had to rely on snippets of information that did not ...
Waiting for the great inflation
Investors Chronicle (blog)
It shows Kondratieff's half-century wave combined with the shorter construction cycle identified by economist Simon Kuznets. According to Berry's highly schematic model, the economy collapses into stagflation at the peak. Berry located the last peak in ...
How to save capitalism from the capitalists
Piketty sets himself against Simon Kuznets, the Belarusian economist who became famous for demonstrating that, while inequality increases in the first stages of industrialisation, the disparity between classes automatically evens out as economies mature.
Some States Using New GPI Indicator to Measure Well-Being, Shape Policy
Even the creator of GDP, Simon Kuznets, acknowledged its limitation: “The welfare of a nation can scarcely be inferred from a measurement of national income.” GPI includes various environmental factors, such as the costs of water and air pollution, as ...