kuznets kuznets  /ˈkəz ˌnɛts/

Definition(s):

  • (n) United States economist (born in Russia) who developed a method for using a country's gross national product to estimate its economic growth (1901-1985)

News

  • The GDP Figures Are Wrong Because We Don't Measure The Tech Sector Properly

    There are a lot of things wrong with GDP as a measurement of how well we're all doing. Simon Kuznets pointed out a number of them when he devised the concept back in the 1930s. GDP doesn't measure the distribution of income for example, nor does it measure the consumption of irreplaceable resources. And there are some known screw ups: as is repeatedly pointed out we measure the clean up of ...
    on December 13, 2013     Source: Forbes

Word of the Day
languish languish
/ˈlæŋɡ wɪʃ /