Ragnar Frisch
Norwegian economist (1895–1973)
NorwaySummary
Updated 2026-05-29
Norwegian economist who turned economics into a numbers game—coined econometrics in 1926, then macroeconomics and microeconomics for good measure. His business cycle models landed him the first-ever Nobel in Economic Sciences in 1969.
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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 wi…
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Source confidence60.0
Completeness70.0
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- WikipediaHigh confidencewikipedia · en.wikipedia.org
- WikidataHigh confidencewikidata · wikidata.org
- Pantheon 2.0High confidencedatabase · pantheon.world
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