Ragnar Frisch
Definition of '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." |
|
Investopedia explains '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. |
Related Definitions
Articles Of Interest
-
The Uncertainty Of Economics: Exploring The Dismal Science
Learning about the study of economics can help you understand why you face contradictions in the market. -
4 Misconceptions About Free Markets
These fallacies have hounded free market economists since the days of Adam Smith. -
The Austrian School Of Economics
If you think economists are only concerned with numbers, check out this group, who are more like economic philosophers. -
Why Can't Economists Agree?
There are many reasons why economists can be given the same data and come up with entirely different conclusions. -
How Influential Economists Changed Our History
Find out how these five groundbreaking thinkers laid our financial foundations. -
Free Market Maven: Milton Friedman
As proponent of free market capitalism, this economist changed the way the world's economies operate. -
Adam Smith: The Father Of Economics
This free thinker promoted free trade at a time when governments controlled most commercial interests. -
How Risk Free Is The Risk-Free Rate Of Return?
This rate is rarely questioned - unless the economy falls into disarray. -
Top 4 Most Scandalous Insider Trading Debacles
Here we look at some of the landmark incidents of insider trading. -
Nobel Winners Are Economic Prizes
Before you try to profit from their theories, you should learn about the creators themselves.
Free Annual Reports