Trygve Haavelmo
Encyclopedia
Trygve Magnus Haavelmo born in Skedsmo
, Norway
, was an influential economist with main research interests centered on the fields of econometrics
and economics theory. During World War II he worked with Nortraship
in the Statistical Department in New York City. He received his Ph.D. in 1946 for his work on The Probability Approach in Econometrics.
He was a Professor of economics and statistics at the University of Oslo
between 1948–79 and was the trade department head of division from 1947–48. Haavelmo acquires a prominent position in modern economics through his logical critique of a series of custom conceptions in mathematical analysis.
In 1989, Haavelmo was awarded the Nobel Prize in Economics "for his clarification of the probability theory
foundations of econometrics and his analyses of simultaneous economic structures."
Skedsmo
Skedsmo is a municipality in Akershus county, Norway. It is part of the traditional region of Romerike. The administrative centre of the municipality is the town of Lillestrøm. About one third of the municipal population lives in Lillestrøm. Other important towns are Skedsmokorset, Skjetten and...
, Norway
Norway
Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...
, was an influential economist with main research interests centered on the fields of econometrics
Econometrics
Econometrics has been defined as "the application of mathematics and statistical methods to economic data" and described as the branch of economics "that aims to give empirical content to economic relations." More precisely, it is "the quantitative analysis of actual economic phenomena based on...
and economics theory. During World War II he worked with Nortraship
Nortraship
The Norwegian Shipping and Trade Mission was established in London in April 1940 to administer the Norwegian merchant fleet outside German-controlled areas. Nortraship operated some 1,000 vessels and was the largest shipping company in the world. It is credited for giving a major contribution to...
in the Statistical Department in New York City. He received his Ph.D. in 1946 for his work on The Probability Approach in Econometrics.
He was a Professor of economics and statistics at the University of Oslo
University of Oslo
The University of Oslo , formerly The Royal Frederick University , is the oldest and largest university in Norway, situated in the Norwegian capital of Oslo. The university was founded in 1811 and was modelled after the recently established University of Berlin...
between 1948–79 and was the trade department head of division from 1947–48. Haavelmo acquires a prominent position in modern economics through his logical critique of a series of custom conceptions in mathematical analysis.
In 1989, Haavelmo was awarded the Nobel Prize in Economics "for his clarification of the probability theory
Probability theory
Probability theory is the branch of mathematics concerned with analysis of random phenomena. The central objects of probability theory are random variables, stochastic processes, and events: mathematical abstractions of non-deterministic events or measured quantities that may either be single...
foundations of econometrics and his analyses of simultaneous economic structures."
External links
- nobelprize.org bio
- Nobel Prize Lecture.
- Trygve Haavelmo Growth Model by Elmer G. Wiens