Tibor de Scitovszky

In 1935, when the de László family visited the Scitovszkys for dinner, the painter recalled: 

Tibor Scitovszky de Nagykér was born in Nőtincs in the county of Nógrád on 21 June 1875. He was the son of János de Scitovszky (1850-1903), Vice Lord Lieutenant of Nógrád and a Member of Parliament, and his wife, Eugénia Szitányi de Szitány (1850-1934). Of Polish origins, they were ennobled in Hungary in 1835. Tibor studied at the universities of Budapest and Paris. As undersecretary in the Ministry of Commerce, he served as an economic advisor to the Hungarian delegation at the peace negotiations at Trianon that followed the First World War. He was Minister of Foreign Affairs from November 1924 to March 1925, in the government of Count István Bethlen. He then became president of the Magyar Általános Hitelbnk [Hungarian General Bank of Credit], and in 1927 he became a member of the Upper House of Parliament. He married Hanna Hódosi (1886-1977) and they had a son Tibor (1910-2002) who emigrated to the United States and became a celebrated economist and professor of economics at Stanford and later at Berkeley. Tibor Scitovszky de Nagykér’s bank was nationalised by the communist government in 1948. He died in Los Angeles on 12 April 1959.