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Ragnar Frisch

Ragnar Frisch
Ragnar Frisch, Norwegian economist and academic, Nobel Prize laureate (d. 1973)

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.

3 March 1895

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Born on the same birth date (3 March 1895): Matthew Ridgway

Born on the same birth day (3 March): Arthur Kornberg • Elisabeth Abegg • Glenn Kulka • John Montgomery Ward • Jonas Furrer • Lindsay Cooper • Madeleine de Verchères • Martin Procházka • Martín Fiz • Patric Chiha • Paul Halmos • Raúl Alcalá • Santonio Holmes • Shiranui Kōemon • Toby Turner

Born in the same month (March 1895): Albert Tessier • Carl Lutz • Charlie Wilson (footballer, born 1895) • Christian Herter • Dane Rudhyar • Donald Barnhouse • Dorothy de Rothschild • Encarnación Alzona • Ernest Labrousse • Ernst Jünger • Fredric Wertham • Jean Giono • Lloyd Rees • Matthew Ridgway • Milt Gross • Roland Leighton • Siegfried Handloser • Spencer W. Kimball • Vardis Fisher • Vilho Tuulos