Kuznets curve

The Kuznets curve (/ˈkʌznɛts/) expresses a hypothesis advanced by economist Simon Kuznets in the 1950s and 1960s.^[3] According to this hypothesis, as an economy develops, market forces first increase and then decrease economic inequality. Although it has been criticized, the Kuznets curve has appeared to be consistent with experience.

^ Based on Table TI.1 of the supplement Archived 8 May 2014 at the Wayback Machine to Thomas Piketty's Capital in the Twenty-First Century.
^ Piketty, Thomas (2013). Capital in the Twenty-First Century. Belknap. p. 24.
^ Kuznets profile Archived 18 September 2009 at the Wayback Machine at New School for Social Research: "...his discovery of the inverted U-shaped relation between income inequality and economic growth..."

[1] Based on Table TI.1 of the supplement Archived 8 May 2014 at the Wayback Machine to Thomas Piketty's Capital in the Twenty-First Century.

[2] Piketty, Thomas (2013). Capital in the Twenty-First Century. Belknap. p. 24.

[3] Kuznets profile Archived 18 September 2009 at the Wayback Machine at New School for Social Research: "...his discovery of the inverted U-shaped relation between income inequality and economic growth..."

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