Why did Simon Kuznets emphasize data and history?
My approach was driven by a conviction that economic theory must be firmly rooted in empirical reality. I believed that understanding economic phenomena, especially long-term trends like growth and structural change, required careful examination of historical data. By meticulously compiling and analyzing national income accounts and other statistical series, I sought to uncover the observable patterns and shifts that characterize economic development, rather than relying solely on abstract reasoning.
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