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CEE Biographies

James J. Heckman

  In 2000, James Heckman, along with daniel mcfadden, received the Nobel Prize in economics. Heckman won the prize for “his development of theory and methods for analyzing selective samples,” highly technical work that it is difficult to explain to the layman. Nevertheless, the work rewarded by the Nobel committee has been valuable for economists’ […]

Ragnar Frisch

  In 1969 Norwegian Ragnar Frisch, along with Dutch economist Jan Tinbergen, received the first Nobel Prize for economics “for having developed and applied dynamic models for the analysis of economic processes.” Frisch received his prize for his pioneering work in econometric modeling and measurement; indeed, Frisch invented the word “econometrics” to refer to the […]

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