Origins & Early Life

Ragnar Anton Kittil Frisch (3 March 1895 – 31 January 1973) 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.

Pivotal Works & Achievements

Frisch became dr.philos. with a thesis on mathematics and statistics at the University of Oslo in 1926. After his doctoral thesis, he spent five years researching in the United States at the University of Minnesota and Yale University. After teaching briefly at Yale from 1930–31, he was offered a full professorship in economics, which he declined after pressures by colleagues to return to the University of Oslo. After returning to Oslo, Frisch was first appointed by the King-in-Council...

Enduring Legacy & Impact

The historical impact and works continue to influence the modern world.

Contemporary Figures & Related Historical Timelines

• Albert Cohen (novelist) — Contemporary (Born in 1895) (1895): Greek-born Swiss novelist who wrote in French, known for his memoirs and international work.
• Aleksandr Vasilevsky — Contemporary (Born in 1895) (1895): A pivotal Soviet general who commanded forces during WWII and served as Minister of Defense.
• Anna Freud — Contemporary (Born in 1895) (1895): Pioneering psychoanalyst known for child psychology and ego theory.
• Abebe Bikila — Contemporary (Died in 1973) (1973): Ethiopian Olympic marathon champion, known for his barefoot victories in Rome and Tokyo.
• Adrien Brody — Contemporary (Born in 1973) (1973): Acclaimed American actor known for intense, emotionally charged character portrayals.
• Aishwarya Rai — Contemporary (Born in 1973) (1973): Iconic Indian actress celebrated for beauty and versatile performances in Hindi and Tamil cinema.
• Alexander Graham Bell — Shared historical date (03-03 · Born) (1847): Pioneering inventor credited with patenting the first practical telephone.
• Aurangzeb — Shared historical date (03-03 · Died) (1707): Sixth Mughal Emperor who expanded the empire to its greatest extent.
• A. A. Milne — Shared historical date (01-31 · Died) (1956): Celebrated English author, famed for Winnie-the-Pooh and children's literature.
• Amy Jackson — Shared historical date (01-31 · Born) (1992): British actress and model celebrated for her versatile roles in Indian cinema.
• 1895 Historical Timeline & Archive — Explore world events and figures from 1895
• March 3 (03-03) On This Day — Historical birthdays and events on March 3
• 1973 Historical Timeline & Archive — Explore world events and figures from 1973
• January 31 (01-31) On This Day — Historical events and memorials on January 31