LOT #1: Nobel Prize Awarded to Economist Simon Kuznets in 1971 -- Inventor of the Kuznets Curve -- one of the Most Influential Economists of All Time
The Nobel Prize in Economic Sciences, awarded in 1971 to influential
economist Simon Kuznets, inventor of the Kuznets Curve in 1955. Kuznets is
credited with inventing a quantitative method for correlating per capita income
to economic inequality over time, as a country's economic growth matures. In the
ceremony on 11 December 1971, the Nobel Prize committee awarded Kuznets the
Nobel Prize for his ''empirically founded interpretation of economic growth
which has led to new and deepened insight into the economic and social structure
and process of development''. 23K gold medal prominently bears the image of
Alfred Nobel upon the obverse, with ''Sveriges Riksbank Till Alfred Nobels Minne
1968'' applied in raised letters, encircling the medal. ''Simon Kuznets 1971''
is engraved to the rim, and the medal's reverse contains the north star emblem
of the Royal Swedish Academy of Sciences, with the phrase ''Kungliga
Vetenskapsakademien'' applied. Housed in the original red leather case with
Kuznet's name gilt stamped. Medal weighs 7.25 oz. and measures 2.5'' in
diameter, consistent with the original Nobel Prizes awarded in 1971. Case
measures 5.5'' x 5.5'' x 1''. Accompanied by a copy of the Nobel Prize speech
owned and annotated by Kuznets. This is the fifth Nobel Prize ever put up for
auction, and the first in the category of Economic Sciences. Presented in near
fine condition. With an LOA from the consignor, Simon Kuznets' son.
Minimum Bid: $150,000.
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