Source: Investigations into the Method of the Social Sciences, 1883, p. 147
“We may predict that the science of which we try to be the humble and devoted servants will in the future life of the nations be an important factor in eliminating maladjustments between fundamental economic sectors and assure a smooth and progressive utilization of resources… One wants men with a knowledge of the characteristic features of the economic and social structure of their country and with a fundamental theoretical knowledge along modern lines.”
Frisch, (1946, p. 1), as quoted in: " Ragnar Frisch 1895-1995 https://www.ssb.no/a/histstat/doc/doc_199403.pdf." O. Bjerkholt, 1994.
1940-60s
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Ragnar Frisch 26
Norwegian economist 1895–1973Related quotes
Accordingly, the quantitative study of economic phenomena here considered may be termed econometrics.
Frisch (1927) as quoted in Divisia 1953, pp.24-25; Cited in: Bjerkholt, Olav. " Ragnar Frisch and the foundation of the Econometric Society and Econometrica http://www.ssb.no/a/histstat/doc/doc_199509.pdf." ECONOMETRIC SOCIETY MONOGRAPHS 31 (1998): 26-57.
Lead paragraph of a memorandum on the importance of establishing the journal "Oekonometrika"
1920
His listeners nodded unhappily.
“So everything is expanding. But it can’t happen in contradiction to the law of conservation of matter-energy. No matter how efficient your throughput is, you can’t get an output larger than the input.”
Source: Green Mars (1993), Chapter 2, “The Ambassador” (pp. 76-77)
A Footnote To Rally The Academic, p. 164.
In Defence Of Politics (Second Edition) – 1981
Source: Imperialism, The Highest Stage of Capitalism (1917), Chapter Seven
Source: "The limitations of scientific method in economics", 1924, p. 97 (2009 edition); Lead paragraph
The Ageless Wisdom, An Introduction to Humanity's Spiritual Legacy (1996)
1960s–1970s, A Conversation with Professor Friedrich A. Hayek (1979)
Source: Meeting the challenge (2009), p. xxiii.