The Canadian PressOctober 22, 2013 15:33
PITTSBURGH, Pa. - Lawrence R. Klein, a longtime University of Pennsylvania professor who won the Nobel Prize in economics, has died. He was 93.
He died Sunday at his home in Gladwyne, near Philadelphia, his daughter, Hannah Klein, said Tuesday.
Born in Omaha, Neb., on Sept. 14, 1920, Klein studied at the University of California, Berkeley and the Massachusetts Institute of Technology before joining the Penn faculty in 1958. It was there that he developed the statistical models known as the "Wharton Models" which led to his Nobel Prize.