Norwegian Economist Quotes

Ragnar Frisch

Trygve Haavelmo

There is also present another source of energy operating in a more continuous fashion and being more intimately connected with the permanent evolution in human societies.

What makes a piece of mathematical economics not only mathematics but also economics is, I believe, this: When we set up a system of theoretical relationships and use economic names for the otherwise purely theoretical variables involved, we have in mind some actual experiment, or some design of an experiment, which we could at least imagine arranging, in order to measure those quantities in real economic life that we think might obey the laws imposed on their theoretical namesakes.

Trygve Haavelmo