Word: frisch
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Died. Ragnar Frisch, 77, Norwegian economist who, with Dr. Jan Tinbergen of The Netherlands, was awarded the first Nobel Prize in Economics, in 1969; in Oslo. Collaborators since the '30s, Frisch and Tinbergen were honored for developing econometrics, a branch of economics that employs complex mathematical formulas to predict how a change in one of a national economy's variables will affect the others. While Tinbergen applied econometrics to underdeveloped countries, Frisch worked closer to home and came to be regarded as the father of Scandinavia's modern planned economic systems...
Married. Frank ("The Fordham Flash") Frisch, 74, Hall of Fame second baseman, player-manager for the St. Louis Cardinals of the '30s, and later broadcaster for the Boston Braves and New York Giants; and Schoolteacher Augusta Kass, 64; both for the second time; in Narragansett...
...British Physicist Otto Frisch once said: "Uranium is a prima donna difficult to seduce." While other European nations incorporated American expertise into their atomic power industries, France under Charles de Gaulle proudly clung to its own nuclear technology. The country's four atomic power plants use natural uranium, the only nuclear fuel available to France in large amounts. The least fissionable of atomic fuels, natural uranium requires costly installations. The system has been a technical success but an economic failure. Says Marcel Boiteux, general manager of Electricité de France, the state-controlled power network: "The cost of electricity...
...rooms of the world. Last week two longtime leaders in this increasingly glamorous science were finally given the ultimate honor, the first Nobel Prize in Economics, the only new category added to the awards since they were started in 1901. The $72,700 prize was shared by Dr. Ragnar Frisch, 74, of Norway, and Dr. Jan Tinbergen, 66, of The Netherlands. The award was for their joint development in the 1930s of the esoteric but highly influential field of econometrics, which employs mathematical models to analyze an economy, predict its course and help to select policies that will alter...
...Ragnar Frisch, who is widely regarded as the father of the modern planned economies of Scandinavia, believes that computers will soon help make planning popular in all countries. But he admits that models are far harder to build for rich, complex countries than for simpler economies. "Frisch and I started this work in the 1930s, in the days of the economic depression," says Jan Tinbergen. "We wanted to draw a plan to fight depression causes and keep unemployment under control." In recent years, Tinbergen has devoted all of his time to the problems of underdeveloped countries, where econometrics seems well...