Lawrence Robert Klein, born in 1920, is an American Economist and was Professor at the Wharton School of the University of Pennsylvania. In 1980 he was awarded the Nobel Prize in Economic Sciences, for the creation of economic models, and their application to the analysis of economic fluctuations and economic policies. His models based in economics have been widely used by economists throughout the world.
Klein specialized in econometrics, statistics and economic cycles and, above all, he focused in the forecasting area. His “A Textbook of Econometrics”, 1953, can be highlighted as his key work, and is the basis of econometrics studies nowadays.