The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1969
Ragnar Frisch, Jan Tinbergen
Born: 12 April 1903, the Hague, the Netherlands
Died: 9 June 1994, the Hague, the Netherlands
Affiliation at the time of the award: The Netherlands School of Economics, Rotterdam, the Netherlands
Prize motivation: "for having developed and applied dynamic models for the analysis of economic processes"
Contribution: Pioneering work on econometric model building. Constructed theories for stabilization policy and long-term economic planning.