History
The NBER was founded in 1920. Its first staff economist, director of research, and one of its founders was American economist Wesley Mitchell. The Russian American economist Simon Kuznets, and student of Mitchell, was working at the NBER when the U.S. government recruited him to oversee the production of the first official estimates of national income, published in 1934. In the early 1940s, Kuznets work on national income became the basis of official measurements of GNP and other related indices of economic activity. The NBER is currently located in Cambridge, Massachusetts with branch offices in Palo Alto, California, and New York City.
Read more about this topic: National Bureau Of Economic Research
Famous quotes containing the word history:
“You treat world history as a mathematician does mathematics, in which nothing but laws and formulas exist, no reality, no good and evil, no time, no yesterday, no tomorrow, nothing but an eternal, shallow, mathematical present.”
—Hermann Hesse (1877–1962)
“No matter how vital experience might be while you lived it, no sooner was it ended and dead than it became as lifeless as the piles of dry dust in a school history book.”
—Ellen Glasgow (1874–1945)
“Let it suffice that in the light of these two facts, namely, that the mind is One, and that nature is its correlative, history is to be read and written.”
—Ralph Waldo Emerson (1803–1882)