kuznets

The book is in part a rebuttal to Simon Kuznets and others, who argue (plausibly) that capitalism tends to decrease inequality in the long run.

Simon Kuznets himself, the inventor of GDP as a metric sternly cautioned policymakers about treating it as a summary statistic.

And historically, per the environmental Kuznets Curve, deaths from pollution are reduced by further economic development & not by fighting some tangential cause.

This is today, which I suspect is in the upper part of the Kuznets curve for AI inference tech.

Hmm, the rigorous systems of measure for GDP were only pioneered by Clark and Kuznets in the 30s and collected widely in the 40s.

Generally these things follow a Kuznets Curve where you get rich from polluting and then are eventually rich enough to care about poisoning your children.

For people who don't know the Environmental Kuznets Curve is basically the hypothesis that as economies grow past a certain they naturally start to cause less environmental damage.

The Environmental Kuznets Curve is compelling to me.

I'm convinced by the Environmental Kuznets Curve.

I can't find the 1988 work, but from the 2011 footnote it seems the quote is hearsay from a peer of Kuznets, Paul Samuelson, and might have been intended as a tongue-in-cheek gloss on Kuznets broader body of work, much of which analyzed the relationships between industrialization, social change, and wealth.

The Kuznets Curve is 50 years past its "use-by" date, but surely it will turn around any decade now!

Argentina is in South America but as Simon Kuznets [1] said "there are four types of countries in the world—developed, undeveloped, Japan and Argentina".

I think that line is a riff on "there are four kinds of countries: developed countries, underdeveloped countries, Japan, and Argentina", attributed to the famous economist Simon Kuznets.

The opposite seems to be working in Argentina, sure, but I always quote Kuznets when it comes up: "there are 4 types of economies: developed, undeveloped, japan and Argentina".

See the other thread on the Milanovic-Kuznets curve[0-1], then lookup the Wiki Indeed, it's...

Lets not forget that this is the country that collected a large corpus of income tax data upon which several economic theories (particularly Kuznets) were based on.

GDP (GNP back then) was just a simple, interim suggestion of Simon Kuznets' while walking with FDR and talking about the depression back in the early 1930s.