What is ‘Ragnar Frisch’
A Norwegian economist and joint winner in 1969 of the very first Nobel Prize in Economics, along with Jan Tinbergen, for his research in econometrics. Ragnar Frisch’s other areas of research included time series, linear regression analysis, production theory and business cycles. He worked to establish economics as a science, founded the Econometric Society, and coined the terms “econometrics,” “microeconomics” and “macroeconomics.”
Explaining ‘Ragnar Frisch’
Frisch was born in 1895 in Norway. He began his career as a gold and silversmithing apprentice in order to work in the family business but became interested in economics through his university studies. He earned his Ph.D. in mathematics from the University of Oslo, where he became a professor and taught for many years. He died in 1973. The Ragnar Frisch Centre for Economic Research at the University of Oslo and the Frisch Medal for outstanding econometrics papers are named in his honor.
Further Reading
- Ragnar Frisch and the postwar Norwegian economy – uia.brage.unit.no [PDF]
- Ragnar Frisch at the University – books.google.com [PDF]
- Ragnar Frisch, Editor of Econometrica 1933-1954 – www.jstor.org [PDF]
- Ragnar Frisch and the Foundation of the Econometric Society and – books.google.com [PDF]
- Remittances, financial market development, and economic growth: the case of Latin America and the Caribbean – onlinelibrary.wiley.com [PDF]
- The new economic nationalism – link.springer.com [PDF]
