“The majority of the economic oscillations which we encounter seem to be explained most plausibly as free oscillations.”

— 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 Frisch 26

Norwegian economist 1895–1973

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“The majority of the economic oscillations which we encounter seem to be explained most plausibly as free oscillations.”

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