The Rocking Horse Reloaded

In 1933 Ragnar Frisch endeavoured and attempted to settle how Mathematics ought to be used to advance Economic understanding. His paper on Propagation and Impulse Problems in 1933 is the foundation of his methodology view. This manuscript aims at reviewing Frisch''s attempts and his most stalwart critics and hopes to shed some light into the process behind constructing Frisch''s model and its validity today.