
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 …"
"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."
"There is also present another source of energy operating in a more continuous fashion and being more intimately connected with the permanent evolution in human societies."
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.
Related Thinkers
See all →Explore Further
Related Quotes
"Whatever market for manufactured goods emerged in colonial and dependent countries did not become the "eter…"
— Paul A. Baran"In essence, the economics of Italian Fascism was Marxist and syndicalist-inspired—and far more left-wing so…"
— L. K. Samuels"It is paradoxical that an administration that came to office rejecting the whole apparatus of Keynesian eco…"
— Thomas J. Sargent"He might be a very clever man by nature for aught I know, but he laid so many books upon his head that his …"
— Robert Hall"the totality of the cognitive content, including values, of all human nervous systems, plus the prostatic d…"
— Kenneth Boulding"Simon Kuznets is best known for his studies of national income and its components. Prior to World War I, me…"
— Simon Kuznets
Related Thinkers
Related Topics
Deep Dives
- David Cay Johnston on politics
- David Cay Johnston on time
- David Cay Johnston on justice
- David Cay Johnston on life
- David Cay Johnston on knowledge
- David Cay Johnston on art
- David Cay Johnston on philosophy
- David Cay Johnston on money
- David Cay Johnston on books
- David Cay Johnston on power
- knowledge & Beauty
- knowledge & Change

