Being a student of Wesley Mitchell influenced on his later thought.
Being a student of Wesley Mitchell influenced on his later thought. One of the earliest pioneers in "developmental economics", he analyzed data from developing nations in Modern Economic Growth. In that research he dispelled the myth that nations go through identical linear stages of development. Prefiguring the work of Modigliani, he also discovered a pattern in savings- income behavior that launched Modigliani's Life-Cycle-Permanent-Income Hypothesis. Famous for his eponymous U-shaped curve relating economic inequality to growth, this is, for 10 points, what 1971 winner of the Nobel Prize in economics, famous for his eponymous business cycles?
Being a student of Wesley Mitchell influenced on his later thought.
Simon {Kuznets}