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"During the early 1960s, I decided to supplement research support for quantitative economic studies at Pennsylvania by selling econometric forecasts to private and public sector buyers."
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"Commercials were too phony for me. I just didn't like selling products I didn't believe in."
"I think that the failures of Enron and WorldCom and other companies are partially failures of investors to recognize companies that are selling for a thousand times nothing, but chances are they may be worth only that."
"When in some communities selling drugs is so lucrative that that's a pretty big enticement that we have to break down. Part of that is by making opportunities and paying decent wages."
"After all we did for Britain, selling that corduroy and making it swing, all we got was a bit of tin on a piece of leather."
"The salesman knows nothing of what he is selling save that he is charging a great deal too much for it."
Explore more quotes by Lawrence R. Klein
"The completion of my undergraduate training at the University of California (Berkeley) provided just the needed touches of rigor at advanced levels in both economics and mathematics."
"An early fascination with higher mathematics at the university level blossomed into speculative thinking that could provide a basis for dealing with economic issues."
"On the way from Chicago, I spent the summer of 1947 in Ottawa, helping to build the first of a series of econometric models for the Canadian government."
"My early education was in the public school system of Omaha, where, retrospectively, I realize that my high school training served me in good stead for the basic subjects of mathematics, English, foreign languages and history."
"It came as a surprise to find that a professional society and journal (Econometrica) were flourishing, and I entered this area of study with great enthusiasm."
"Although I was not aware of it at the time, the experience of growing up during the Great Depression was to have a profound impact on my intellectual and professional career."
"The SSRC committee turned attention from team research for building a model of the United States to doing one for world trade in order to investigate the international transmission mechanism."
"After my first visit to Japan, in 1960, to work on a joint model building project at Osaka University, I maintained a continuing interest in the country and the entire Far East."
"The funds from the sale were put into research and general teaching budgets at the university. Wharton Econometric Forecasting Associates, Inc., is now a growing enterprise with many model and other econometric facilities."
"I, Lawrence Klein, was born in Omaha, Nebraska, as were my elder brother and younger sister."
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