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Ragnar Frisch
Ragnar Anton Kittil Frisch (3 March 1895 – 31 January 1973) was an influential Norwegian economist known for being one of the major contributors to establishing economics as a quantitative and statistically informed science in the early 20th century. He coined the term econometrics in 1926 for utilising statistical methods to describe economic systems, as well as the terms microeconomics and macroeconomics in 1933, for describing individual and aggregate economic systems, respectively. He was the first to develop a statistically informed model of business cycles in 1933. Later work on the model together with Jan Tinbergen won the two the first Nobel Memorial Prize in Economic Sciences in 1969. Frisch became dr.philos. with a thesis on mathematics and statistics at the University of Oslo in 1926''.'' After his doctoral thesis, he spent five years researching in the United States at the University of Minnesota and Yale University. After teaching briefly at Yale from 1930-31, h ...
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Oslo
Oslo ( , , or ; sma, Oslove) is the capital and most populous city of Norway. It constitutes both a county and a municipality. The municipality of Oslo had a population of in 2022, while the city's greater urban area had a population of in 2019, and the metropolitan area had an estimated population of in 2021. During the Viking Age the area was part of Viken. Oslo was founded as a city at the end of the Viking Age in 1040 under the name Ánslo, and established as a ''kaupstad'' or trading place in 1048 by Harald Hardrada. The city was elevated to a bishopric in 1070 and a capital under Haakon V of Norway around 1300. Personal unions with Denmark from 1397 to 1523 and again from 1536 to 1814 reduced its influence. After being destroyed by a fire in 1624, during the reign of King Christian IV, a new city was built closer to Akershus Fortress and named Christiania in honour of the king. It became a municipality ('' formannskapsdistrikt'') on 1 January 1838. The ...
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King-in-Council
The King-in-Council or the Queen-in-Council, depending on the gender of the reigning monarch, is a constitutional term in a number of states. In a general sense, it would mean the monarch exercising executive authority, usually in the form of approving orders, in the presence of the country's executive council. Norway In Norway, the "King in Council" ( no, Kongen i statsråd) refers to the meetings of the King and the Council of State (the Cabinet), where matters of importance and major decisions are made. The council meets at the Royal Palace and these meetings are normally held every Friday. It is chaired by the king or, if he is ill or abroad, the crown prince. In Norway's Constitution, when formulated as ''King in Council'' (''Kongen i Statsråd'') refers to the formal Government of Norway. When the formulation is merely ''King'', the appointed ministry that the law refers to may alone act with complete authority of the matter assigned in the particular la A decision that ...
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Apprenticeship
Apprenticeship is a system for training a new generation of practitioners of a trade or profession with on-the-job training and often some accompanying study (classroom work and reading). Apprenticeships can also enable practitioners to gain a license to practice in a regulated occupation. Most of their training is done while working for an employer who helps the apprentices learn their trade or profession, in exchange for their continued labor for an agreed period after they have achieved measurable competencies. Apprenticeship lengths vary significantly across sectors, professions, roles and cultures. In some cases, people who successfully complete an apprenticeship can reach the "journeyman" or professional certification level of competence. In other cases, they can be offered a permanent job at the company that provided the placement. Although the formal boundaries and terminology of the apprentice/journeyman/master system often do not extend outside guilds and trade unions, ...
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Kongsberg Silver Mines
Kongsberg Silver works () was a mining operation at Kongsberg in Viken county in Norway. The town of Kongsberg is the site of the Norwegian Mining Museum (). History Operating from over 80 different sites, Kongsberg silver mines constituted the largest mining field in Norway. It was the largest pre-industrial working place in Norway, with over 4,000 workers at its peak in the 1770s and supplied over 10% of the gross national product of the Danish–Norwegian union during its 335-year-long history: over 450,000 man-years were expended in the production. The silver mines in Kongsberg were in operation from 1623 until 1958. Total production exceeded 1,3 million kg silver. Silver was first discovered between the 1 July and 5 July 1623, according to the somewhat romanticized story, which tells of two small children - Helga and Jacob - who were out shepherding their cattle at the top of Gruveåsen hill. They had an ox with them which scraped on the side of the mountain. They could ...
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Kongsberg
Kongsberg () is a historical mining town and municipality in Buskerud, Viken county, Norway. The city is located on the river Numedalslågen at the entrance to the valley of Numedal. Kongsberg has been a centre of silver mining, arms production and forestry for centuries, and is the site of high technology industry including the headquarters of Norway's largest defence contractor Kongsberg Gruppen. Kongsberg, formerly spelled Konningsberg ( "King's Mountain"), was developed as a mining city on the basis of the Kongsberg Silver Mines, founded by and named after King Christian IV of Denmark and Norway in 1624. The king invited German engineers and other specialists from Saxony and the Harz region to help build the mining company. As a mining city, Kongsberg had a distinct urban culture that contrasted with its surroundings, strongly influenced by the traditions of mining communities in Germany and where the German language was extensively used in mining business and for religiou ...
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Frisch (Norwegian Family)
Frisch is a Norwegian family of German origin, of which many members were associated with the Kongsberg Silver Mines for several centuries since the 17th century. In the 19th and early 20th centuries, family members were noted as goldsmiths in Oslo. Its most famous member is Ragnar Frisch, the first Nobel laureate in economics. It is descended from Christopher Frisch (born 1615), who came from Germany to work for the Kongsberg Silver Mines in Norway. He was the father of Petter Christophersen Frisch (1640–1703) (also spelled Pieter Frisk). His sons were Paul Pettersen Frisch (1665–1730) and Christopher Pettersen Frisch (1672–1726). Paul Pettersen Frisch was married to Anne Antoniusdatter Nolt (born before 1678), daughter of Antonius Nolt (a German immigrant who also worked at the Kongsberg Silver Mines) and Barbro Hansdatter Schröder (1641–1712), a daughter of Hans Andersen Schröder (born ca. 1610–1615 in Sweden, died 1675). Paul Frisch and Anne Nolt were the parents ...
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Silversmith
A silversmith is a metalworker who crafts objects from silver. The terms ''silversmith'' and ''goldsmith'' are not exactly synonyms as the techniques, training, history, and guilds are or were largely the same but the end product may vary greatly as may the scale of objects created. History In the ancient Near East the value of silver to gold was lower, allowing a silversmith to produce objects and store these as stock. Ogden states that according to an edict written by Diocletian in 301 A.D., a silversmith was able to charge 75, 100, 150, 200, 250, or 300 ''denarii'' for material produce (per Roman pound). At that time, guilds of silversmiths formed to arbitrate disputes, protect its members' welfare and educate the public of the trade. Silversmiths in medieval Europe and England formed guilds and transmitted their tools and techniques to new generations via the apprentice tradition. Silver working guilds often maintained consistency and upheld standards at the expense of i ...
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Goldsmith
A goldsmith is a metalworker who specializes in working with gold and other precious metals. Nowadays they mainly specialize in jewelry-making but historically, goldsmiths have also made silverware, platters, goblets, decorative and serviceable utensils, and ceremonial or religious items. Goldsmiths must be skilled in forming metal through filing, soldering, sawing, forging, casting, and polishing. The trade has very often included jewelry-making skills, as well as the very similar skills of the silversmith. Traditionally, these skills had been passed along through apprenticeships; more recently jewelry arts schools, specializing in teaching goldsmithing and a multitude of skills falling under the jewelry arts umbrella, are available. Many universities and junior colleges also offer goldsmithing, silversmithing, and metal arts fabrication as a part of their fine arts curriculum. Gold Compared to other metals, gold is malleable, ductile, rare, and it is the only soli ...
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Singapore
Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, bordering the Strait of Malacca to the west, the Singapore Strait to the south, the South China Sea to the east, and the Straits of Johor to the north. The country's territory is composed of one main island, 63 satellite islands and islets, and one outlying islet; the combined area of these has increased by 25% since the country's independence as a result of extensive land reclamation projects. It has the third highest population density in the world. With a multicultural population and recognising the need to respect cultural identities of the major ethnic groups within the nation, Singapore has four official languages: English, Malay, Mandarin, and Tamil. English is the lingua franca and numerous public services are available only i ...
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World Scientific Publishing Co
In its most general sense, the term "world" refers to the totality of entities, to the whole of reality or to everything that is. The nature of the world has been conceptualized differently in different fields. Some conceptions see the world as unique while others talk of a "plurality of worlds". Some treat the world as one simple object while others analyze the world as a complex made up of many parts. In ''scientific cosmology'' the world or universe is commonly defined as " e totality of all space and time; all that is, has been, and will be". '' Theories of modality'', on the other hand, talk of possible worlds as complete and consistent ways how things could have been. '' Phenomenology'', starting from the horizon of co-given objects present in the periphery of every experience, defines the world as the biggest horizon or the "horizon of all horizons". In ''philosophy of mind'', the world is commonly contrasted with the mind as that which is represented by the mind. ''T ...
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Anton Frisch (1865-1928)
Anton may refer to: People * Anton (given name), including a list of people with the given name * Anton (surname) Places * Anton Municipality, Bulgaria ** Anton, Sofia Province, a village * Antón District, Panama ** Antón, a town and capital of the district * Anton, Colorado, an unincorporated town * Anton, Texas, a city * Anton, Wisconsin, an unincorporated community *River Anton, Hampshire, United Kingdom Other uses * Case Anton, codename for the German and Italian occupation of Vichy France in 1942 * Anton (computer), a highly parallel supercomputer for molecular dynamics simulations * ''Anton'' (1973 film), a Norwegian film * ''Anton'' (2008 film), an Irish film *Anton Cup The Anton Cup is the championship trophy of the Swedish junior hockey league, J20 SuperElit. The trophy was donated by Anton Johansson, chairman of the Swedish Ice Hockey Association between 1924 and 1948, in 1952, as an award for Sweden's top-ra ...
, the championship trophy of the Swedish ju ...
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Frisch Medal
The Frisch Medal is an award in economics given by the Econometric Society. It is awarded every two years for empirical or theoretical applied research published in ''Econometrica'' during the previous five years. The award was named in honor of Ragnar Frisch, first co-recipient of the Nobel prize in economics and editor of ''Econometrica'' from 1933 to 1954. In the opinion of Rich Jensen, Gilbert F. Schaefer Professor of Economics and chairperson of the Department of Economics of the University of Notre Dame, "The Frisch medal is not only one of the top three prizes in the field of economics, but also the most prestigious 'best article' award in the profession". Five Frisch medal winners have also won the Nobel Prize. Winners * 2022 – Giulia Brancaccio, Myrto Kalouptsidi, Theodore Papageorgiou for their paper, "Geography, Transportation, and Endogenous Trade Costs”, (Econometrica, Vol. 88, No. 2, March 2020, 657–691). * 2020 – Kate Ho and Robin Lee for their paper"Insurer ...
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