IN CONTEXT
Growth and development
Simon Kuznets (1901–85)
1750s French economist François Quesnay states that wealth comes from agriculture, not from industry.
1940 British-Australian economist Colin Clark argues that economic growth involves a shift from agriculture to manufacturing and to services.
1967 US economist Edward Denison highlights the important contribution of technological change and productivity growth to economic growth.
1975 US economists Hollis Chenery and Moshe Syrquin find evidence that as agriculture declines, economies grow, and then industry and services increase.
The Russian-born economist Simon Kuznets ...
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