Ragnar Anton Kittil Frisch was an influential Norwegian economist 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.
Ragnar Frisch, c. before 1944
Ragnar Frisch's father, Anton Frisch (1865–1928), goldsmith in Oslo, and a member of the Frisch family of silver miners and goldsmiths
An economist is a professional and practitioner in the social science discipline of economics.
Former chair of the Federal Reserve Alan Greenspan, who obtained his Ph.D. in economics from New York University, testifies before the U.S. House Committee on Financial Services
Former chair of the Federal Reserve Janet Yellen speaks with IMF Managing Director Christine Lagarde, 2014
