Intermediate between mathematics, statistics, and economics, we find a new discipline which, for lack of a better name, may be called econometrics. Econometrics has as its aim to subject abstract laws of theoretical political economy or "pure" economics to experimental and numerical verification, and thus to turn pure economics, as far as possible, into a science in the strict sense of the word.


Ragnar Frisch (1926) "On a Problem in Pure Eco­nomics: Translated by JS Chipman." Preferences, Utility, and Demand: A Minnesota Symposium. 1926."

Ragnar Frisch Quotes

Intermediate between mathematics, statistics, and economics, we find a new discipline which, for lack of a better name, may be called econometrics....

Intermediate between mathematics, statistics, and economics, we find a new discipline which, for lack of a better name, may be called econometrics....

Intermediate between mathematics, statistics, and economics, we find a new discipline which, for lack of a better name, may be called econometrics....

Intermediate between mathematics, statistics, and economics, we find a new discipline which, for lack of a better name, may be called econometrics....