One-time Carter adviser gets Nobel for economics
Lawrence Klein, a former adviser to Jimmy Carter, was awarded the 1980 Nobel Economics Prize for research on mathematical models to help economic planners. Dr. Klein, a professor at the University of Pennsylvania in Philadelphia, was honored for "the creation of econometric models and their application to the analysis of economic fluctuations and economic policies." He was foremost among the economists called in by Mr. Carter when campaigning in 1975-76. His alignment with Mr. Carter was seen by some as reflecting the hope that mathematical models could lead to more rational economic planning.