Ragnar Frisch
Norwegian economist who coined 'econometrics' and developed mathematical models.
Most quoted
"Econometrics is by its very nature a unification of three different points of view which are separate in other branches of economics. These are the points of view of statistics, economic theory, and mathematics."
— from Econometrica, 1933
"The task of econometrics is to subject economic theory to statistical tests and to provide numerical estimates of the parameters of economic relationships."
— from Econometrica, 1933
"The term 'econometrics' is not meant to imply that economics is a science of measurement, but rather that it is a science which uses measurement as a tool."
— from Econometrica, 1933
All quotes by Ragnar Frisch (101)
In my final days, gratitude for the numbers that shaped my world.
Contemporaries of Ragnar Frisch
Other Economicss born within 50 years of Ragnar Frisch (1895–1973).