“[The] length of the cycles and the tendency towards dampening are determined by the intrinsic structure of the swinging system, while the intensity (the amplitude) of the fluctuations is determined primarily by the exterior impulse. An important consequence of this is that a more or less regular ﬂuctuation may be be produced by a cause which operates irregularly.”

— Ragnar Frisch, Propagation problems and impulse problems in dynamic economics

Source: 1930s, Propagation problems and impulse problems in dynamic economics, 1933, p. 1

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Ragnar Frisch26

Norwegian economist 1895–1973

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