Ragnar Frisch | |
---|---|
Born | Ragnar Anton Kittil Frisch 3 March 1895 Kristiania, Norway |
Died | 31 January 1973 Oslo, Norway |
(aged 77)
Nationality | Norway |
Fields | Economics |
Institutions | University of Oslo |
Alma mater | University of Oslo |
Doctoral students | Olav Reiersøl |
Known for |
Econometrics Production theory |
Influenced | Trygve Haavelmo |
Notable awards | Nobel Memorial Prize in Economic Sciences (1969) |
Ragnar Anton Kittil Frisch (3 March 1895 – 31 January 1973) was a Norwegian economist and the co-recipient of the first Nobel Memorial Prize in Economic Sciences in 1969 (with Jan Tinbergen). He is known for having founded the discipline of econometrics, and for coining the widely used term pair macroeconomics/microeconomics in 1933.
Frisch was appointed by the King-in-Council as Professor of Economics and Statistics at the Faculty of Law, The Royal Frederick University in 1931. He served as the Dean of the Faculty of Law 1942–1943. Today, the Frisch Centre at the University of Oslo is named in his honour.
Ragnar Frisch was born on 3 March 1895 in Christiania as the son of gold- and silversmith Anton Frisch and Ragna Fredrikke Frisch (née Kittilsen). The Frisch family had emigrated from Germany to Kongsberg in Norway in the 17th century and his ancestors had worked for the Kongsberg Silver Mines for generations; Ragnar's grandfather Antonius Frisch had become a goldsmith in Christiania in 1856. His family had thus worked with precious metals like silver and gold for at least 300 years.
Being expected to continue his family business, Frisch became an apprentice in the David Andersen workshop in Oslo. However, at his mother's advice, while doing his apprenticeship Frisch also started studying at the Royal Frederick University. His chosen topic was economics, as it seemed to be "the shortest and easiest study" available at the university, and passed his degree in 1919. In 1920 he also passed his handicraftsman tests and became a partner in his father's workshop.