Previous | Session Pages | Next
Session 13:
Adam Smith Award Address
The State of Economic Linkages: A Retrospective and Prospective View
12:15-1:45 pm Ballroom BC
Professor Lawrence Klein is a Keynesian economist, contributing significantly to this area of economics through his influential book, "The Keynesian Revolution," and through macroeconomic model simulations, analyzing the effectiveness of public spending and tax policies. He received his Ph.D. at MIT under the supervision of Paul Samuelson and began his career in macroeconomic model building at the University of Chicago. After a brief stint at Oxford, he was offered a position at the University of Pennsylvania and he is still with Penn today. In his early days at Penn, he worked on a series of models which became known as the Wharton models and founded Wharton Econometric Forecasting Associates. He is still affiliated with the industry as an advisor to Global Insight. In 1980, Professor Klein received the Nobel Prize in Economics for “the creation of economic models and their application to the analysis of economic fluctuations and economic policies.”
Sponsored by Global Insight
Session Downloads
Lawrence Klein, "A Current Quarter Model for the Chinese Economy" (slides)
Links of Interest
Profile in July/August NABE News
Biography in Concise Encyclopedia of Economics
Lawrence Klein books at Amazon.com
Speakers
Pricilla Trumbull
Global Insight
presiding
Lawrence Klein
Benjamin Franklin
Professor Emeritus
University of Pennsylvania
Dr. Lawrence R. Klein earned his B.A. from at University of California, Berkeley and his doctorate at the Massachusetts Institute of Technology. He has served on the faculties of the University of Chicago, University of Michigan, University of Oxford, and the University of Pennsylvania. He was the Benjamin Franklin Professor of Economics and Finance at Penn, where he taught for 33 years. He is currently the Benjamin Franklin Professor of Economics Emeritus.
Dr. Klein is an econometrician. He constructed several statistical models of the United States and various other countries. At Penn, he founded the Wharton Econometric Forecasting Associates (WEFA) and was a principal investigator of Project LINK, which combined models from countries throughout the world for studying international trade and payments, and global economic activity.
Dr. Klein served as president of many learned societies, edited scholarly journals, and advised governments in matters of economic policy. In 1976, he coordinated Jimmy Carter's economic task force in a successful campaign for the presidency of the United States. In 1980, he was the Nobel Laureate in Economics.
