Friday, April 30, 2010

Happy Birthday Simon Kuznets (1901-1985) and Theodore Schultz (1902-1998)

Two Nobel laureates in Economics, born on the same day a year apart.Kuznets was most famous for his contributions to the theory of economic growth, including work on gross national product and the business cycle (the "Kuznets Swing") and his work on economic inequality (the "Kuznets Curve," which has since been adapted to explain differences in national environmental performance as the "Environmental Kuznets Curve").

Schultz received the award for his work in developmental economics, especially the economics of agriculture. He made major contributions to the theory of human capital development.

Simon Kuznets

Theodore Schultz

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