Examples of using Kuznets in English and their translations into Hebrew
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Kuznets lost his battle.
In 1932 America's Congress asked Simon Kuznets, a Russian-born economist, to estimate national income over the preceding four years.
Kuznets calculated that the US economy had halved from 1929 to 1932.
In fact, the architect of our national accounting system, Simon Kuznets, in the 1930s, said that,"A nation's welfare can scarcely be inferred from their national income.".
Kuznets' numbers showed an economy that had been cut in half between 1929 and 1932.
It was not until the second half of the 20th century andthe research of Kuznets and Atkinson that analyses of distribution of income and wealth could actually be based on historical sources.
Kuznets' calculations indicated that the economy had halved in size from 1929 to 1932.
The idea that capitalism naturally led to greater equality was codified in a 1955landmark study by the American economist Simon Kuznets, whose data showed that after an initial period of rising inequality(e.g., our nineteenth-century gilded age) the wealth generated by market economies is distributed between labor and capital more evenly.
Kuznets also defined national income and the methods he developed are in use the world over.
Nobel laureate economist Simon Kuznets once quipped that there are four types of countries: developed, undeveloped, Japan and Argentina.
Kuznets had treated government spending as a cost to the private sector, but Keynes saw that if wartime procurement by the state was not treated as demand, GDP would fall even as the economy grew.
The Nobel prize-winning economist Simon Kuznets is said to have remarked that there were four types of countries: the developed, the underdeveloped, Japan and Argentina.
Simon Kuznets, the Belarusian-American economist often credited with inventing GDP in the 1930s, had severe reservations about the concept right from the start.
According to Piketty, the tendency observed by Kuznets in the early 1950s is not necessarily a product of deep economic forces(e.g. sectoral spillover or the effects of technological progress).
A Kuznets curve is the graphical representation of Simon Kuznets' hypothesis that economic inequality increases over time while a country is developing, and then after a certain average income is attained, inequality begins to decrease….
Simon Kuznets died on July 8, 1985, at the age of 84.
Kuznets was awarded by the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in 1971“for his empirically founded interpretation of economic growth which has led to new and deepened insight into the economic and social structure and process of development”.
And because Kuznets' invention was found to be so useful, it spread around the world.
His name was Simon Kuznets and the report that he delivered was called"National Income, 1929-1932.".
According to Kuznets, the long-term evolution of earnings inequalities was shaped as a curve(Kuznets curve).
From 1925 to 1926, Kuznets spent time studying economic patterns in prices as the Research Fellow at the Social Science Research Council.
Together with Simon Kuznets, Atkinson almost single-handedly originated a new discipline within the social sciences and political economy: the study of the historical trends in the distribution of income and wealth.
When he died in 1985, Kuznets was eulogized by the eminent economist John Kenneth Galbraith, who said,“When we talk about gross national product, national income, their components and the policies leading up to them, we are talking about structures created by Kuznets”.
Patinkin, with Simon Kuznets and other leading economists, founded the Maurice Falk Institute for Economic Research in Israel, which- together with the Department, carried out the first basic studies of Israel's economy, and is still concerned with the empirical study of the country's current economic questions.
In his 1953 masterwork,Shares of Upper Income Groups in Income and Savings, Kuznets combined the first systematic records of American national income and property(records that he himself had helped to create) and the data produced by the federal income tax(established in 1913, in the aftermath of a prolonged political battle), to establish the very first historical account of year-by-year income distribution.