Background

Trygve Haavelmo was born December 13 1911 in Skedsmo, Norway.

Education

Grad., University Oslo, 1933; PhD, University Oslo, 1946

After completing his primary education, he, in 1930, enrolled at the University of Oslo, eventually graduating with a degree in economics. On the recommendation of Ragnar Frisch, Haavelmo joined Frisch

Career

From 1938 to 1939, he served as a lecturer in Statistics at the University of Aarhus. The following year he received a scholarship and left for the U.S on a study trip, which he thought would not last more than 1

Achievements

• In the year 1989, Haavelmo received the Nobel Prize and the Sveriges Riksbank Prize in Economic Science for the illumination of the probability theory foundations of econometrics and the analyses of co-occurring economic structures.

• Member American Economic Association, American Academy Arts and Letters.

Works

• book

  • The Method of Supplementary Confluent Relations, 1938

  • The Inadequacy of Testing Dynamic Theory by Comparing the Theoretical Solutions and Observed Cycles, 1940

  • Statistical Testing of Business Cycles, 1943

  • The Statistical Implications of a System of Simultaneous Equations, 1943

  • The Probability Approach in Econometrics, 1944

  • Multiplier Effects of a Balanced Budget, 1945

  • Family Expenditures and the Marginal Propensity to Consume, 1947

  • Methods of Measuring the Marginal Propensity to Consume,1947

  • Statistical Analysis of the Demand for Food: Examples of Simultaneous - Estimation of Structural Equations, with M.A. Girshick, 1947

  • Family Expenditures and the Marginal Propensity to Consume, 1947

  • Quantitative Research in Agricultural Economics: The Interdependence between Agriculture and the National Economy, 1947

  • The Notion of Involuntary Economic Decisions,1949

  • A Note on the Theory of Investment, 1950

  • The Concepts of Modern Theories of Inflation, 1951

  • A Study in the Theory of Economic Evolution, 1954

  • The Role of the Econometrician in the Advancement of Economic Theory, 1958

  • Econometrica, A Study in the Theory of Investment, 1960

  • Business Cycles The second: Mathematical Models, 1968

  • Variation on a Theme by Gossen, 1972 (Swedish)

  • What Can Static Equilibrium models Tell Us?, 1974

  • Econometrics and the Welfare State, 1990

Connections

Co-worker:

Ragnar Frisch

Co-worker:

Jerzy Neyman

Co-worker:

Egon Pearson