“I believe that economic theory has arrived at a point in its development where the appeal to quantitative empirical data has become more necessary than ever. At the same time its analyses have reached a degree of complexity that require the application of a more refined scientific method than that employed by the classical economists.”

—  Ragnar Frisch

Ragnar Frisch (1926); Quoted in: &quot; Ragnar Frisch 1895-1995 https://www.ssb.no/a/histstat/doc/doc_199403.pdf.&quot; O. Bjerkholt, 1994. <br class="br">1920

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Ragnar Frisch26
Norwegian economist 1895–1973

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Ragnar Frisch (1895–1973) Norwegian economist

Frisch (1927). as quoted in: Bjerkholt, Olav, and Duo Qin. A Dynamic Approach to Economic Theory: The Yale Lectures of Ragnar Frisch. Routledge, 2010: About "Oekonometrika"
1920

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