"The inescapable conclusion is that the direct contribution of man-hours and capital accumulation would hardly account for more than a tenth of the rate of growth in per capita product — and probably less. The large remainder must be assigned to an increase in efficiency in the productive resources, or the effects of changing arrangements, or to the impact of technological change, or to all three"
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Academics from the United StatesJews from the United StatesEconomists from the United StatesNobel laureates in EconomicsPeople from Belarus
Original Language: English
Available Languages (1)
Sources
p. 81
https://en.wikiquote.org/wiki/Simon_Kuznets
Revision History
No revisions have been submitted for this quote.
Categories
Simon Kuznets
Simon Smith Kuznets (April 30, 1901 – July 8, 1985) was a Belarusian-American economist, statistician, demographer, and economic historian who won the 1971 Sveriges Riksbank Prize in Economic Sciences in memory of Alfred Nobel "for his empirically founded interpretation of economic growth which has led to new and deepened insight into the economic and social structure and process of development."
14 quotes on TrueQuotesView all quotes by Simon Kuznets →
Related Quotes
"The welfare of a nation can scarcely be inferred from a measurement of national income."
"Distinctions must be kept in mind between quantity and quality of growth, between its costs and return, and between t…"
"we need far more empirical study than we have had so far of the universe of inventors; any finding concerning invento…"
"The central theme of this paper is the character and causes of long-term changes in the personal distribution of inco…"
"An invariable accompaniment of growth in developed countries is the shift away from agriculture, a process usually re…"
"The rural and urban populations does not necessarily drift downward in the process of economic growth: indeed, there …"
"The very fact that after a while, an increasing proportion of the urban population was "native," i.e., born in cities…"
"The paper is perhaps 5 per cent empirical information and 95 per cent speculation, some of it possibly tainted by wis…"
"[The principal characteristic of this economic epoch is] a sustained increase in per capita or per worker product, mo…"
"[An] epochal innovation [consisting of the] spreading application of science to processes of production and social or…"