June 2013
Beginner
712 pages
31h 49m
English
Content preview from Routledge Dictionary of Economics, 3rd Edition
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H
Haavelmo, Trygve, 1911–99 (B3)
A major founder of ECONOMETRICS who was awarded the NOBEL PRIZE FOR ECONOMICS in 1989. He was educated at the University of Oslo where he was professor of economics from 1948 to 1979. In 1946–7 he was at the COWLES COMMISSION. His important contributions to quantitative economics include the formulation of economic theories in probabilistic terms and the study of interdependence problems.
Habakkuk thesis (N0, O3)
The proposal that technological progress in the USA in the nineteenth century in manufacturing making use of interchangeable parts was stimulated by high wages and labour scarcity.
References
Habakkuk, J. (1962) American and British Technology in the Nineteenth Century, Cambridge: Cambridge University ...
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