With the variety of fields within economics, broadly conceived and the increasing specialization of scholarly world, the award of a Nobel Memorial Prize honors not only the individual scholar but, implicitly, also a special field or a distinctive method. Simon Kuznets awardbroadlyconceive share on social
Success in war and preservation of a country's social framework as a purpose at least equal in importance to welfare of individuals. Simon Kuznets countryequalframework Change image and share on social
The welfare of a nation can scarcely be inferred from a measurement of national income as defined by the GDP. Simon Kuznets definegdpincome Change image and share on social
With the rather stable ratio of labor force to total population, a high rate of increase in per capita product means a high rate of increase in product per worker; and, with average hours of work declining, it means still higher growth rates in product per man-hour. Simon Kuznets averagecapitadecline share on social