Simon Kuznets

Economist Statistician Russian-American 1901 – 1985

Developed national accounting system and studied economic growth patterns.

382 quotes

"History shows that economic transformation is possible but not painless or inevitable."
Change
"The data revolution of the twentieth century made visible what was previously hidden."
Knowledge
"Economic growth without equity is growth that sows the seeds of its own instability."
Wisdom
"The relationship between nations' economic positions changes more slowly than political leaders acknowledge."
Patience
"To understand the present economy, one must understand the economic past."
History
"The challenge of development is to spread prosperity without destroying what makes life meaningful."
Philosophy
"Economic statistics are snapshots that help us understand the motion of history."
Knowledge
"The power of growth lies not in the aggregate but in how it reaches individuals."
Justice
"Long-term trends reveal that human societies have tremendous capacity for adaptation and change."
Strength
"The measurement of economic activity must include the often-unmeasured work that sustains all societies."
Truth
"Development is not a destination but a continuous process of learning and adaptation."
Wisdom
"The economist's data reveals the choices societies make about what to value and what to ignore."
Philosophy
"Historical perspective teaches humility about our ability to predict economic outcomes."
Knowledge
"The transformation of work itself is one of the great untold stories of economic history."
History
"Economic growth that ignores environmental costs is no growth at all, merely deferred bankruptcy."
Truth
"The relationship between education and economic development is one of profound reciprocity."
Education
"Statistical advances allow us to see patterns we could not see before; we must be humble about our interpretations."
Wisdom
"The data we inherit from the past constrains and enables the choices we can make for the future."
Time
"Economic development requires not just more resources but better distribution of opportunity."
Justice
"The hidden economy—unmeasured and unmeasurable—may dwarf the one we can see."
Knowledge
"The study of economics is fundamentally an optimistic pursuit; it assumes conditions can improve."
Hope
"Long-term growth in living standards is neither natural nor automatic; it is an achievement."
Inspiration