Lawrence Klein Biography, Age, Weight, Height, Friend, Like, Affairs, Favourite, Birthdate & Other

Lawrence Klein Biography, Age, Weight, Height, Friend, Like, Affairs, Favourite, Birthdate & Other


This Biography is about one of the best Economist Lawrence Klein including his Height, weight,Age & Other Detail…

Biography Of Lawrence Klein
Real Name Lawrence Klein
Profession Economists
Famous as Economist
Nationality American
Personal Life of Lawrence Klein
Born on 14 September 1920
Birthday 14th September
Died At Age 93
Sun Sign Virgo
Born in Omaha, Nebraska, U.S.
Died on 20 October 2013
Place of death Gladwyne, Pennsylvania, U.S.
Family Background of Lawrence Klein
Father Leo Byron Klein
Mother Blanche Monheit
Spouse/Partner Sonia
Children Hannah, Rebecca, Rachel, Jonathan
Awards John Bates Clark Medal (1959) Nobel Memorial Prize in Economic Sciences (1980)
Personal Fact of Lawrence Klein

Lawrence R. Klein was American economist who received the Nobel Prize in Economic Sciences for the models he created to analyze the fluctuations of the world economy especially the economy of the United States. He based his model on the model developed by Jan Tinbergen earlier and was able to successfully predict the effect of taxes, expenditure and other factors on the American economy.

He started developing various models for the analysis of the economic conditions while he was still an undergraduate student. The models he developed became better with time and he was able to predict successfully what the economy had in store for the American people in the future. With the end of the Second World War the general idea was that the American and consequently the world economy would slide into a depression.

But Klein was able to predict with the model developed by him that nothing like this would happen to the economy. The economy would rather get a boost from the demand for more consumer goods and the increased purchasing power of the soldiers who returned from the war with pockets filled with salaries. He was also right in predicting that the Korean War would have a very low impact on the economy.


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