Lawrence Klein
American economist (1920-2013)
Biography
Lawrence Robert Klein was an American economist. For his work in creating computer models to forecast economic trends in the field of econometrics in the Department of Economics at 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.
Occupation
Lawrence Klein is recorded as a university teacher and a economist, born in Nebraska (1920–2013).
Connections to Nebraska
Lawrence Klein was born in Omaha, Nebraska in 1920. Explore other notable figures from Nebraska, historic sites connected to this era, and the full colonial and statehood history of the state using the links below.
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