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The propagation problem is the problem of explaining by the structural properties of the swinging system what the character of the swings would be in case the system was started in some initial situation

— Ragnar Frisch

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More quotes by Ragnar Frisch

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

Certain exterior impulses hit the economic mechanism and thereby initiate more or less regular oscillations.

Deep in the human nature there is an almost irresistible tendency to concentrate physical and mental energy on attempts at solving problems that seem to be unsolvable.

It is the unification of all three that is powerful. And it is this unification that constitutes econometrics.

(Econometrics is) the unification of economic theory, statistics and mathematics.

Warren Page (2013)

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Quote text and notes from Wikiquote: Ragnar Frisch (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.