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.
William S. Heckscher
Heckscher was commissioned in 1931 to paint a portrait of Gustav Pauli, the director of Kunsthalle Hamburg. While at work in Pauli's office, they were interrupted by a strange little man unknown to Heckscher. The man, apparently a colleague of Pauli, immediately launched into some Dürer problem that was troubling him. The stranger's animated discussion with Pauli left Heckscher astounded at the depth of the man's insight. Intrigued, Heckscher followed Panofsky to his office and all but begged to study under him. Panofsky was thoroughly unimpressed by Heckscher's education—he had never finished high school—but Heckscher persisted, and Panofsky eventually relented, telling him of a program to support gifted students who had not completed high school. Heckscher passed the rigorous examination and was accepted into the University of Hamburg, but was only grudgingly given a seat in the back of Panofsky's seminar.