Lawrence R. Klein (1920-2013)

Awarded the Prize “for the creation of econometric models the application to the analysis of economic fluctuations economic policies.”

American economist. Klein was born on September 14, 1920 at Omaha, Nebraska. He studied at Berkeley, the University of California, obtained his Ph.D. at the Massachusetts Institute of Technology in 1944. After working for the Cowles Commission, he was at Michigan University from 1949 to 1954 at Oxford University until 1958. He was then appointed Professor of Economics Finance at the Wharton School of Finance, University of Pennsylvania. Klein died on October 20, 2013 in Gladwyne, near Philadelphia.
Major Works:
The Keynesian Revolution (1947); Economic Fluctuations, 1921-1941 (1950); Econometric Model of the United States, 1929-1952 (1955); An Introduction to Econometrics (1962); An Essay in the Theory of Economic Prediction (1971); The E