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 Poincare 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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