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Lawrence R. Klein

AKA Lawrence Robert Klein

Born: 14-Sep-1920
Birthplace: Omaha, NE
Died: 20-Oct-2013
Location of death: Gladwyne, PA
Cause of death: unspecified

Gender: Male
Race or Ethnicity: White
Sexual orientation: Straight
Occupation: Economist

Nationality: United States
Executive summary: Macroeconometric modeling

Many economists predicted a financial downturn after World War II, but Lawrence R. Klein correctly predicted an economic boom as people purchased the items they had been denied during rationing of the war effort. He studied at MIT under Nobel laureate Paul Samuelson, and later gained respect for his complex macroeconometric models of national, regional, and world economies. He served as President Jimmy Carter's chief economic adviser, and was awarded the Nobel Prize in 1980.

Father: Leo Byron Klein
Mother: Blanche Monheit Klein
Wife: Sonia Adelson
Daughter: Hannah (geneticist)
Daughter: Rebecca (teacher)
Daughter: Rachel (editor)
Son: Jonathan (computer programmer)

    High School: Central High School, Omaha, NE (1937)
    University: Los Angeles City College
    University: BA Economics, UC Berkeley (1942)
    University: PhD Economics, Massachusetts Institute of Technology (1944)
    Scholar: Economics, University of Chicago (1944-47)
    Scholar: Economics, University of Oslo (1947-48)
    Scholar: Economics, University of Michigan (1949-54)
    Teacher: Economics, Oxford University (1954-58)
    Teacher: Economics, University of Pennsylvania (1958-68)
    Professor: Economics, University of Pennsylvania (1968-91)

    John Bates Clark Medal 1959
    Nobel Prize for Economics 1980
    American Philosophical Society
    Economists for Peace and Security
    National Academy of Sciences
    National Bureau of Economic Research 1948-50

Author of books:
The Keynesian Revolution (1947)
Quantitative Economics and Development: Economic theory, Econometrics, and Mathematical Economics (1981)
The Economics of Supply and Demand (1983)
Lectures in Econometrics (1983, with Wladyslaw Welfe)
Selected Papers of Lawrence R. Klein: Theoretical Reflections and Econometric Applications (1997)


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