Quotes by: Lawrence R. Klein

1
Lawrence Klein
Born (1920-09-14)September 14, 1920
Omaha, Nebraska, U.S.
Died October 20, 2013(2013-10-20) (aged 93)
Gladwyne, Pennsylvania, U.S.
Nationality United States
Institution Univ. of Pennsylvania
University of Oxford
University of Michigan
NBER
Cowles Commission
Field Macroeconomics
Econometrics
School or
tradition
Neo-Keynesian economics
Alma mater MIT (Ph.D.)
UC Berkeley (B.A.)
Doctoral
advisor
Paul Samuelson
Influences Jan Tinbergen
Influenced Arthur Goldberger
E. Roy Weintraub
Contributions Macroeconometric forecasting models
Awards John Bates Clark Medal (1959)
Nobel Memorial Prize in Economic Sciences (1980)
Information at IDEAS / RePEc

I, Lawrence Klein, was born in Omaha, Nebraska, as were my elder brother and younger sister.
Lawrence R. Klein
An early fascination with higher mathematics at the university level blossomed into speculative thinking that could provide a basis for dealing with economic issues.
Lawrence R. Klein
My early education was in the public school system of Omaha, where, retrospectively, I realize that my high school training served me in good stead for the basic subjects of mathematics, English, foreign languages and history.
Lawrence R. Klein
The SSRC committee turned attention from team research for building a model of the United States to doing one for world trade in order to investigate the international transmission mechanism.
Lawrence R. Klein
On the way from Chicago, I spent the summer of 1947 in Ottawa, helping to build the first of a series of econometric models for the Canadian government.
Lawrence R. Klein
The completion of my undergraduate training at the University of California (Berkeley) provided just the needed touches of rigor at advanced levels in both economics and mathematics.
Lawrence R. Klein
It came as a surprise to find that a professional society and journal (Econometrica) were flourishing, and I entered this area of study with great enthusiasm.
Lawrence R. Klein
After my first visit to Japan, in 1960, to work on a joint model building project at Osaka University, I maintained a continuing interest in the country and the entire Far East.
Lawrence R. Klein
During the early 1960s, I decided to supplement research support for quantitative economic studies at Pennsylvania by selling econometric forecasts to private and public sector buyers.
Lawrence R. Klein
The funds from the sale were put into research and general teaching budgets at the university. Wharton Econometric Forecasting Associates, Inc., is now a growing enterprise with many model and other econometric facilities.
Lawrence R. Klein
Although I was not aware of it at the time, the experience of growing up during the Great Depression was to have a profound impact on my intellectual and professional career.
Lawrence R. Klein
1

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