The Fruits of Civilization (51-0-1) Kuznets Curves

 Kuznets Curves

In 1955, Belarusian-American economist Simon Kuznets proposed that economic inequality was a function of income per capita. Kuznets’ hypothesis was based upon an idealization of market and political forces during economic development. Decades later, the same unfounded optimism was applied to pollution to create an environmental Kuznets curve. As history amply demonstrates, the Kuznets curves are rubbish. (Simon Kuznets won the 1971 Nobel prize in economics for this contribution of fiction.)