
Ragnar Frisch
Ragnar Anton Kittil Frisch was an influential Norwegian economist and econometrician known for being one of the major contributors to establishing economics as a quantitative and statistically informed science in the early 20th century. He coined the term econometrics in 1926 for utilising statistical methods to describe economic systems, as well as the terms microeconomics and macroeconomics in 1933, for describing individual and aggregate economic systems, respectively. He was the first to develop a statistically informed model of business cycles in 1933.
Career Journey
Background
- Born in
- Christiania
- Educated at
- University of Oslo
- Awards
- 🏆 Prize in Economic Sciences in Memory of Alfred Nobel🏆 Fellow of the Econometric Society🏆 Fellow of the Institute of Mathematical Statistics🏆 Honorary Doctor of Stockholm University of Economics
- Doctoral Students
- 📖 Olav Reiersøl
Trending & Selected Quotes
Trending topics shown first"We may perhaps start by throwing all kinds of production into one variable, all consumption into another, and so on, imagining that the notions 'production', 'consumption', and so on, can be measured …"
"Two important features in the modern development of economics are the application of mathematics to abstract economic reasoning... and the attempt at placing economics on a numerical and experimental …"
"I have insisted that econometrics must have relevance to concrete realities, otherwise it degenerates into something which is not worthy of the name econometrics, but ought rather to be called playome…"
"In the last decade's intensive study of all sorts of social and economic time series, it has become clear, it seems to me, that the usual time series technique is not quite adequate for the purpose wh…"
"When we approach the study of business cycle with the intention of carrying through an analysis that is truly dynamic and determinate in the above sense, we are naturally led to distinguish between tw…"
"At present the national budget plays a very large role in the whole financial policy of our country."
Works & Publications
No works or publications documented yet.
Timeline
1895
Born
Birth1973
Died
Death
Influenced By
Thinkers whose ideas shaped Ragnar's philosophy
No known influences documented.
Influenced
Thinkers whose work was shaped by Ragnar's ideas
No influenced thinkers documented yet.
Source Attribution
Information about Ragnar Frisch is sourced from curated knowledge bases and cross-referenced for accuracy. Influence relationships are scored by thematic overlap and historical plausibility.

