Frisch, Ragnar, << RAHNG nahr >> (1895-1973), a Norwegian economist, shared the 1969 Nobel Prize in economics with Jan Tinbergen of the Netherlands. The two men received the award for their work on the development of mathematical models used in econometrics (mathematical analysis of economic activity). The Nobel Prize in economics was awarded for the first time in 1969.
Frisch was born in Oslo and graduated from Oslo University. He served as a professor in social economy and statistics at the university from 1925 until his retirement in 1965. Frisch led a number of theoretical investigations concerning production, economic planning, and national accounting. He helped establish the Econometric Society in 1930 and was chief editor of its journal, Econometrica, until 1955. Frisch also served as an adviser to various developing countries, including Egypt and India.
