W ere kuznets theory be valid in this case, the problem would solve itself due to the positive im pact of economic growth on the enviro nment, rep resented by the second section of the curve. They were married in 1929 and had two children, paul and judith. The kuznets paradox keynes called the relationship between aggregate consumption and current disposable income the propensity to consume. The average propensity to consume apc is the ratio of.
Drawing on his noted quantitative studies of modern economic growth, professor kuznets presents his views on the complex growth process and analyzes the implications of such specific factors as. Simon kuznets has 26 books on goodreads with 253 ratings. Simon kuznets and the empirical tradition in economics national bureau of economic research series on longterm factors in economic. This then boosts the economic output more, and the process begins again. Simon kuznetss most popular book is toward a theory of economic growth. Kuznets cycles, economic development and cultural change, april 1961, pp.
He gave names to two measures of the sensitivity of consumption to income. Simon kuznets s most popular book is toward a theory of economic growth. Kuznets curve has not survived without its share of critics. But, the dating of the kuznetscycle seems more controversial than the logic for the building cycle. These kuznets cycles, as they are often called, reflect variations in the intensity of successive business cycles. A russianamerican economist and statistician who won the 1971 nobel memorial prize in economic sciences for his research on economic growth. In fact, kuznets himself emphasized the fragility of his data among other caveats in his paper. Kuznets also held professional appointments in economics and statistics at the university of pennsylvania 193054 and in economics at johns hopkins 195460 and. Books by simon kuznets author of toward a theory of. The two essays in this volume can be termed essential building blocks for constructing a systematic approach toward a theory of economic growth. Kuznetss hypothesis and the data constraint article pdf available in applied economics letters 168. Kuznets was a member of the research staff of the nber from 1927 to 1961. A distinction between major and minor cycles, such as hansen makes, likewise involves a grouping of successive business cycles.