Simon Kuznets Won 1971 Nobel Prize for Developing Measures of National Income

Simon Kuznets, a former NBER research associate, was awarded the Nobel Memorial Prize in Economic Sciences in 1971 "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."

Kuznets pioneered methods for measuring the economic growth of nations and calculating the size of changes in national income. 

At the time of the award, Kuznets was the George F. Baker Professor of Economics at Harvard University.

More information about this Nobel laureate