Teaching Economics As a Science: The 1930 Yale Lectures of Ragnar Frisch
This paper is prepared for the forthcoming publication of Frisch's 1930 Yale lecture notes, A Dynamic Approach to Economic Theory: The Yale Lectures of Ragnar Frisch (details at: http://www.routledgeeconomics.com/books/A-Dynamic-Approach-to-Economic-Theory-isbn9780415564090). As the lecture series was given just as the Econometric Society was founded in 1930. We provide as background, a blow-by-blow story of how the Econometric Society got founded with emphasis on Frisch's role. We then outline how the Yale lecture notes came into being, closely connected to Frisch's econometric work at the time. We comment upon the lectures, relating them to Frisch's later works and, more important, to subsequent developments in economics and econometrics.
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- Bjerkholt, Olav, 2005. "Frisch'S Econometric Laboratory And The Rise Of Trygve Haavelmo'S Probability Approach," Econometric Theory, Cambridge University Press, vol. 21(03), pages 491-533, June.
- Hendry, David F., 1995. "Dynamic Econometrics," OUP Catalogue, Oxford University Press, number 9780198283164.
- Olav Bjerkholt, 2007. "Ragnar Frisch's business cycle approach: The genesis of the propagation and impulse model," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 14(3), pages 449-486.
- Ragnar Frisch, 1936. "On the Notion of Equilibrium and Disequilibrium," Review of Economic Studies, Oxford University Press, vol. 3(2), pages 100-105.
- Frisch, Ragnar, 1992. "Statics and dynamics in economic theory," Structural Change and Economic Dynamics, Elsevier, vol. 3(2), pages 391-401, December.
- Olav Bjerkholt & Ariane Dupont, 2010. "Ragnar Frisch's Conception of Econometrics," History of Political Economy, Duke University Press, vol. 42(1), pages 21-73, Spring.
- Olav Bjerkholt (ed.), 1995. "Foundations of Modern Econometrics," Books, Edward Elgar Publishing, volume 0, number 46, April.
- Frisch, Ragnar, 1981.
"From Utopian Theory to Practical Applications: The Case of Econometrics,"
American Economic Review,
American Economic Association, vol. 71(6), pages 1-16, Special I.
- Frisch, Ragnar, 1970. "From Utopian Theory to Practical Applications: The Case of Econometrics," Nobel Prize in Economics documents 1969-1, Nobel Prize Committee.
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