The Nature and Significance of Kuznets Cycles

  title={The Nature and Significance of Kuznets Cycles},
  author={Moses Abramovitz},
  journal={Economic Development and Cultural Change},
  pages={225 - 248}
  • M. Abramovitz
  • Published 1 April 1961
  • Economics
  • Economic Development and Cultural Change
Both are generalizations of apparently irregular behavior. Total output rarely rises or falls at the same rate for two consecutive months, and it seldom moves in the same direction for many months together. These irregular movements, however, are not without pattern. The month-to-month movements are, for periods of time, predominantly upward, and these periods of expansion are succeeded by other periods in which movements are predominantly downward. These are the business cycles of capitalist… 
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