Simon Kuznets

Simon Kuznets was an economist known for studying how economies grow and change over time. He developed the concept of the “Kuznets Curve,” which suggests that as a country develops, income inequality first increases and then decreases. His work helped explain the patterns of economic growth and income distribution during industrialization. Kuznets' research is influential in understanding the dynamics of economic development and informing policies aimed at balancing growth with social equity. His contributions earned him the Nobel Prize in Economics in 1971.