Ragnar Frisch, (b. 1895, in
Oslo, Norway) was awarded the first
Nobel Prize in
economic science in 1969. The prize was established in 1968 from a
Swedish national bank and is dedicated to the memory of
Alfred Nobel, it carries the same cash award as the other prizes.
Professor Frisch and
Jan Tinbergen shared the Nobel Prize award for the development of mathematical tecniques in the analysis of economic activity - which went on to become a specialty called
econometrics.
Frisch studied economics at the
University of Oslo and went on to become an assistant professor there. He founded the
Institute of Economics (funded by
Rockefeller) there in 1932. He also founed the
Econometric Society in 1930.
The Ragnar Frisch Centre for Economic Research was founded in honor of Frisch by the University of Oslo.
Frisch helped to pioneer the Cowles program on
econometrics, at the
Cowles Commission, at the
University of Chicago in the 1930s.
An intresting tidbit: Ragnar Frisch coined the terms
microeconomics and
macroeconomics.
Some of his works include:
“
Changing Harmonics and Other General Types of Components in Empirical Series”, 1928
“
Correlation and the Scatter of Statistical Variables”, 1929
“
The Interrelation between Capital Formation and Consumer-Taking”, 1931
“
Propagation and Impulse Problems in Dynamic Economics”, 1933
http://www.nobel.se/economics/laureates/1969/frisch-autobio.html
http://more.abcnews.go.com/sections/world/nobel_biography/
http://www.econlib.org/library/Enc/bios/Frisch.html
http://cepa.newschool.edu/het/profiles/frisch.htm