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I have insisted that econometrics must have relevance to concrete realities, otherwise it degenerates into something which is not worthy of the name econometrics, but ought rather to be called playometrics.

— 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.