Lawrence Klein

Economist, Organization leader

1920 – 2013

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Who was Lawrence Klein?

Lawrence Robert Klein was an American economist. For his work in creating computer models to forecast economic trends in the field of econometrics at the Wharton School of the University of Pennsylvania, he was awarded the Nobel Memorial Prize in Economic Sciences in 1980 specifically "for the creation of econometric models and their application to the analysis of economic fluctuations and economic policies." Due to his efforts, such models have become widespread among economists. Harvard University professor Martin Feldstein told the Wall Street Journal that Klein "was the first to create the statistical models that embodied Keynesian economics," tools still used by the Federal Reserve Bank and other central banks.

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Born
Sep 14, 1920
Omaha
Also known as
  • Lawrence R Klein
Children
Nationality
  • United States of America
Profession
Education
  • Massachusetts Institute of Technology
  • University of California, Berkeley
Employment
  • University of Pennsylvania
Died
Oct 20, 2013
Gladwyne

Submitted
on July 23, 2013

Citation

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"Lawrence Klein." Biographies.net. STANDS4 LLC, 2023. Web. 2 Feb. 2023. <https://www.biographies.net/people/en/lawrence_klein>.

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