Shimon Kuznetz was born in Pinsk, Minsk Governare (Belarus, then – Russian Empire) into a Jewish family, and spoke both Yiddish and Russian from early childhood. In May 1915, due to Jews' being deported from areas near the front, the family had to move to Kharkov. Kuznetz enrolled into the Kharkov institute of commerce, where studied ecenomics, statistics, history and mathematics, under the guidance of prominent professors Fomin, Antzyferov, Levitsky, Bernshtein, Sobolev and Trakhtenberg.
As a result of his extremely arduous academic work, he gained extraordinarily wide knowledge in economics, statistics, demographics, history and sciences!
But the new order was not to his taste, so in 1922 he emigrated to New York, where he continued higher education in Columbia university, under the guidance of professor Mitchell, and took an extremely active position when it came to the social life of his new homeland.
Not long afterwards, in 1927, he became a member of the National bureau of economic research (NBER), in 1930 - a professor of the school of economics and statistics at the Pennsylvania university, in 1954 - a professor of the John Hopkins University, and in 1960 - a professor of the Harvard University.
Notably, it was Kuznetz, who carried out the first evaluation of the national income of America, and during WWII was the deputy director of the Bureau of Planning and Statistics, War Production Board, making an enormous contribution to the economic supremacy of the United States over the Axis countries and, as a consequence, to the Victory. And after the war he worked as an advisor to the governments of Taiwan, Japan, India, South Korea and Israel.
In 1971 Kuznetz was awarded the highest award in the world of science - the Nobel Prize on economics! What's more, his disciples, Milton Friedman and Robert Vogel, also received the prestigious prize in economics!
Interestingly, both of his children tread his path as well: his son Paul W. Kuznetz is an economist, honorable professor of the University of Indiana, and his daughter Judith Stein studied mathematics and became the wife of the prominent mathematician Norman Stein.
Smith died in Cambridge, Massachusetts , at the age of 84 years.
Abramovitz M. Simon Kuznets (1901–1985) // The Journal of Economic History, March 1986
Goldthwaite, Richard; Abramovitz M. (1986).
«Association Notes: In Memoriam: Frederic C. Lane 1900-1984, Simon Kuznets 1901-1985».
The Journal of Economic History