Saint Martin (FR) Map on D. in economics from Columbia University in 1926. After graduation, he joined the research staff of the National Bureau of Economic Research (NBER), remaining affiliated for over three decades. His first academic appointment was at the University of Pennsylvania (193154), followed by professorships at Johns Hopkins University (195460) and Harvard University (196071). At the NBER, Kuznets worked on a pioneering series of BUSINESS CYCLE studies. Cyclical Fluctuations (1926) analyzed the cyclical patterns of wholesale and retail trade as the economy goes through expansions and recessions. It presented a theory of how business cycles are transmitted, with changes in consumer demand magnified both by the speculation of retailers and wholesalers, and by the existence of lags and differences in their responses. Saint Martin (FR) Map 2016.
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