Norwegian economist and academic, Nobel Prize laureate (born 1895)

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. Later work on the model, together with Jan Tinbergen, won the first Nobel Memorial Prize in Economic Sciences in 1969.

Born

1895

March 3

Died

1973

Era

1890s

Country

—

About

Ragnar, in brief

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. Later work on the model, together with Jan Tinbergen, won the first Nobel Memorial Prize in Economic Sciences in 1969.

Source: Wikipedia · CC BY-SA 4.0

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  1. 1895 Born
  2. 1973 Died

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Same-year contemporaries

Also born in 1895

Anastas Mikoyan 1895–1978 Soviet politician, Chairman of the Presidium of the Supreme Soviet of the Soviet Union (died 1978) Arthur Schmidt 1895– German officer (died 1987) Augusto César Sandino 1895–1934 Nicaraguan rebel leader (born 1895) Babe Ruth 1895–1948 American baseball player and coach (born 1895) Clarence Ashley 1895– American singer, guitarist, and banjo player (died 1967) Evripidis Bakirtzis 1895– Greek soldier and politician (died 1947) Hammy Love 1895– Australian cricketer (died 1969) J. Edgar Hoover 1895–1972 American law enforcement official; 1st Director of the Federal Bureau of Investigation (died 1972) Jiddu Krishnamurti 1895–1986 Indian-American philosopher and author (born 1895)

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