The development of economics changed dramatically during the
twentieth century with the emergence of econometrics,
macroeconomics and a more scientific approach in general. One of
the key individuals in the transformation of economics was Ragnar
Frisch, professor at the University of Oslo and the first Nobel
Laureate in economics in 1969. He was a co-founder of the
Econometric Society in 1930 (after having coined the word
econometrics in 1926) and edited the journal Econometrics for
twenty-two years. The discovery of the manuscripts of a series of
eight lectures given by Frisch at the Henri Poincar Institute in
March April 1933 on The Problems and Methods of Econometrics will
enable economists to more fully understand his overall vision of
econometrics.
This book is a rare exhibition of Frisch 's overview on
econometrics and is published here in English for the first time.
Edited and with an introduction by Olav Bjerkholt and Ariane
Dupont-Kieffer, Frisch 's eight lectures provide an accessible and
astute discussion of econometric issues from philosophical
foundations to practical procedures.
Concerning the development of economics in the twentieth century
and the broader visions about economic science in general and
econometrics in particular held by Ragnar Frisch, this book will
appeal to anyone with an interest in the history of economics and
econometrics.
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