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The Nobel Memorial Laureates in Economics

The Nobel Memorial Laureates in Economics

An Introduction to Their Careers and Main Published Works

Howard R. Vane and Chris Mulhearn

Erudite, accessible and lucidly written, this book provides a stimulating introduction to the careers and main published works of the Nobel Memorial Laureates in Economics. It will prove to be an invaluable reference book on key figures in economics and their path-breaking insights. The vignettes should also encourage the reader to sample some of the Laureates’ original works and gain a better understanding of the context in which new ideas were first put forward.


Howard R. Vane and Chris Mulhearn

Subjects: economics and finance, economic psychology, history of economic thought


THE 1971 NOBEL MEMORIAL LAUREATE SIMON KUZNETS SIMON KUZNETS Simon S. Kuznets (1901–85) © The Nobel Foundation Simon Kuznets was born in Pinsk, Russia in 1901. After emigrating to the United States in 1922 (later becoming a US citizen), he studied economics at Columbia University where he obtained his BA (1923), MA (1924) and PhD (1926). In 1927 he joined the National Bureau of Economic Research (NBER) where he was a member of the research staff until 1961. During his career Kuznets held chairs at three universities. In 1930 he joined the teaching staff at the University of Pennsylvania and was subsequently appointed Professor of Economics and Statistics at the university, a position he held from 1936 to 1954. His period at the University of Pennsylvania was temporarily interrupted during the Second World War, when he became associate director of the Bureau of Planning and Statistics of the US War Production Board from 1942 to 1944. In 1954 he moved from the University of Pennsylvania to Johns Hopkins University, where he held the post of Professor of Political Economy from 1954 to 1960. Moving again, this time to Harvard University in 1960, he held the position of Professor of Economics until his retirement in 1971. Among his many offices and honours, Kuznets was elected president of the American Statistical Association in 1949 and the American Economic Association in 1954. In 1971, he was awarded the 40 SIMON KUZNETS Nobel Memorial Prize in Economics ‘for his empirically founded interpretation of...

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