Eli Heckscher
Heckscher was born in Stockholm, son of the Jewish Danish-born businessman Isidor Heckscher and his spouse Rosa Meyer, and completed his secondary education there in 1897. He studied at Uppsala University and Gothenburg University, completing his PhD in Uppsala in 1907. He was professor of Political economy and Statistics at the Stockholm School of Economics from 1909 until 1919, when he exchanged that chair for a research professorship in economic history, finally retiring as emeritus professor in 1945. In 1929 Heckscher founded the Institute for Economic History Research.
August Heckscher
In 1867, Heckscher immigrated to the United States. He initially worked in his cousin Richard Heckscher's coal mining operation as a laborer, studying English at night. Several years later he formed a partnership with his cousin under the name of Richard Heckscher & Company. The firm was eventually sold to the Reading Railroad. Heckscher then turned to zinc mining and organized the Zinc and Iron Company, becoming vice-president and general manager. In 1897, it was consolidated with other zinc and iron companies into the New Jersey Zinc Company with Heckscher serving as the general manager.