Quote by Simon Kuznets
"Growth is not a smooth process. It comes in waves, with periods of expansion followed by necessary consolidation."
More from Simon Kuznets
"Kuznets curve shows that inequality first rises then falls with economic development"
"The most important thing for a researcher is to remain intellectually honest"
"Economic growth must be measured not just in numbers but in human welfare"
"We can make reliable long-term economic projections only by understanding historical patterns"