Trygve Haavelmo

Quotes

• “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.”

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Key facts

Born

( 1911-12-13 ) 13 December 1911, Skedsmo , Norway

Died

26 July 1999 (1999-07-26) (aged 87), Oslo , Norway

Alma mater

University of Oslo

Influences

John Maynard Keynes , Ragnar Frisch , Jan Tinbergen

Discipline

Macroeconomics , econometrics

School or tradition

Neo-Keynesian economics

Institutions

University of Aarhus , University of Chicago , University of Oslo , University College London

Notable ideas

Probability approach in econometrics, Balanced budget multiplier

Awards

Nobel Memorial Prize in Economic Sciences (1989)

Website

Information at IDEAS / RePEc

via Wikipedia infobox

Wikidata facts

Image

Trygve Haavelmo.jpg

via Wikidata · CC0