Trygve Haavelmo

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Trygve Magnus Haavelmo
Neo-Keynesian economics
Trygve Haavelmo.jpg
Born (1911-12-13)13 December 1911
Skedsmo, Norway
Died 26 July 1999(1999-07-26) (aged 87)
Oslo, Norway
Nationality Norway
Institution University of Aarhus
University of Chicago
University of Oslo
Field Macroeconomics, econometrics
Alma mater University of Oslo
Influences John Maynard Keynes, Ragnar Frisch, Jan Tinbergen

David F. Hendry,

Søren Johansen
Contributions Probability approach in econometrics
Balanced budget multiplier
Awards Nobel Memorial Prize in Economic Sciences (1989)
Information at IDEAS/RePEc

Trygve Magnus Haavelmo (13 December 1911 – 28 July 1999), born in Skedsmo, Norway, was an influential economist with main research interests centered on the fields of econometrics and economics theory. He received a degree in economics from the University of Oslo in 1930 and eventually joined the Institute of Economics with the recommendation of Ragnar Frisch. Haavelmo was Frisch’s assistant for a period of time until he was appointed as head of computations for the institute. In 1936, Haavelmo studied statistics at University College London while he subsequently traveled to Berlin, Geneva, and Oxford for additional studies. Trygve Haavelmo assumed a lecturing position at the University of Aarhus in 1938 for one year and then in the subsequent year was offered an academic scholarship to travel abroad and study in the United States. 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."[1]

Haavelmo died on 28 July 1999 in Oslo.


  1. ^ Prokesch, Steven (October 12, 1989). "Norwegian Wins Nobel For His Work in Economics". The New York Times. 

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