Klaus Mackscheidt was born in 1935. He studied Economics at the Universities of Heidelberg, Munich, Vienna and Cologne. In 1967 he received his doctoral degree from the University of Mainz. In 1971 Klaus Mackscheidt qualified as a professor at the University of Cologne. Since 1973 he was a professor for Political Economy focusing on Public Finance at the University of Cologne. In 1997 he was elected Dean of the Faculty of Management, Economics and Social Sciences. He retired in 2001.