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Karl G. Karsten
Karl Gustaf Karsten (1891 – 1968) was an American economist, statistician, businessman, inventor and author, known from his seminal work on graphical methods,〔Cleveland, William S. ''The elements of graphing data.'' Monterey, CA: Wadsworth Advanced Books and Software, 1985.〕 and economic forecasting.
== Life and work ==
Born in Bloomington, Indiana to Gustaf E. and Eleanor S. Daggett Karsten, Karsten received his education as economist and statistician. He was student at the University of Illinois in 1907-1908, and at the University of Chicago in 1908-1909, and obtained his BA from the University of New Mexico in 1911 and from Oxford University in 1914 on a Rhodes Scholarship.〔''Indiana authors and their books, 1917-1966.'' (1974), p. 334〕 From 1914 to 1916 he was graduate student at the Columbia University.〔''(The alumni directory of the University of New Mexico, 1892-1918 ),'' Bulletin of the University of New Mexico. No 91, April 1918. p. 13.〕
Karsten started his career as Newspaper Reporter and Publicity Agent in New York City in 1916. The next year he settled as independent consulting statistician, and founded Karsten Statistical Laboratory in New Haven, Connecticut.〔Geoffrey Poitras (2007). ''Pioneers of Financial Economics: Twentieth-century contributions.'' p. 55.〕 As statistician Karsten was also specialized in unemployment remedies. In 1926 he became president and general manager of the Kardex Institute, a company founded in 1921 by James Rand, Jr. to collect and disseminate information on good business record-keeping and filing practices.〔Ingham, ''Biographical Dictionary of American Business Leaders,'' 1983.〕 Late 1920s Karsten founded the Karsten Forecasts, inc. in New Haven, and early 1930s the Irving Fisher Index Number Institute with Irving Fisher also in New Haven, CT. From 1934 to 1942 he was appointed in multiple federal agencies.〔
Karsten had joint the Liberal Club of New York and the Anti-Militarism League in the 1910s. In 1917 he married his first wife Elinor Cox, and had a daughter together. In the 1920s Karsten build a summer stack out in Far Rockaway, where the invited Henry Miller and his family in the summer of 1925.〔Robert Ferguson (2012). ''(Henry Miller: A Life ),'' p. 90.〕 Later on he got married to Helen Tippy.
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