Simon Kuznets was a prominent economist known for his work on economic growth and development. Born in 1901 in what is now Ukraine, he later moved to the United States, where he contributed significantly to the field of national income accounting. Kuznets developed methods to measure a country's economic performance, which laid the groundwork for modern economic statistics. In 1971, Kuznets was awarded the Nobel Prize in Economic Sciences for his research on the relationship between economic growth and social change. His findings emphasized the importance of income distribution and its impact on economic development, influencing both policymakers and economists in understanding the complexities of economic systems.