American Heritage® Dictionary of the English Language, Fourth Edition
- Kuznets, Simon 1901-1985. Russian-born American economist. He won a 1971 Nobel Prize for developing a method of using a country's gross national product to determine its economic growth.
- n. United States economist (born in Russia) who developed a method for using a country's gross national product to estimate its economic growth (1901-1985)
“His inverted U relationship between income growth and equality – eventually became known as the Kuznets Curve, and despite the fact that he warned his results were “speculative” this relationship has come to represent the traditional growth path of nations.”
“Superficially, urban PM10 concentrations seem to follow the so-called Kuznets environmental curve-that is, they first rise during development, reach a peak, then decline (Grossman and Kruger, 1994).”
“This relationship has the shape of an inverted U (the so-called Kuznets curve): In low-income countries, economic development leads to a rise in income inequality (e.g. as some households shift from agriculture to higher-earning jobs in industry).”
“The line more often rose, flattened out and then reversed so that it sloped downward, forming the shape of a dome or an inverted U-- what's called a Kuznets curve.”
“It's called a Kuznets curve (in honor of the economist Simon Kuznets, who detected this pattern in trends of income inequality):”
“For all the burdens under which Kuznets labored, he had one advantage: the absence of an existing economic establishment.”
“But we will have to muddle through with the legacy of Kuznets and the generations of economists who expanded and improved on his remarkable achievement.”
“But if Kuznets had a hard time figuring out how to measure all the transactions in our marketplace, how much harder will it be for his multilateral successors to put a number on the things we often call priceless?”
“Even though his staff had to tabulate the results without the aid of computers, Kuznets and his team produced the first national accounts more rapidly than his successors will create the newer, better set of statistics they aspire to.”
“Belt Loosening Kuznets curve The relationship between obesity and economic development follows what is known as the "Kuznets curve," the inverted U-shape relationship between development and inequality.”
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