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Jan Tinbergen

Definition

Jan Tinbergen was an important Dutch economist. He was awarded the first Nobel Memorial Prize in Economic Sciences in 1969, which he shared with Ragnar Frisch for having developed and applied dynamic models for the analysis of economic processes. He is widely considered to be one of the most influential economists of the 20th century and one of the founding fathers of econometrics. It has been argued that the development of the first macro econometric models, the solution of the identification problem, and the understanding of dynamic models are his three most important legacies to econometrics. Tinbergen was a founding trustee of Economists for Peace and Security. In 1945, he founded the Bureau for Economic Policy Analysis and was the agency's first director.

What is 'Jan Tinbergen'

A Dutch economist who won the Nobel Memorial Prize in Economics in 1969, along with Ragnar Frisch, for his development and application of dynamic models for analyzing economic processes. Tinbergen was one of the first economists to apply math to economics.
He helped to develop the field of econometrics and developed multi-equation models of national economies that were a precursor to today's computer-driven economic forecasts. His research focused on business cycles and economic development. He also developed the idea that governments must use multiple policy instruments if they want to impact multiple policy targets.

Explaining 'Jan Tinbergen'

Tinbergen was born in 1903 in the Netherlands and earned his Ph.D. in physics from the University of Leyden. He worked for the Netherlands Bureau for Economic Policy Analysis and the League of Nations and taught development planning at the Netherlands School of Economics in Rotterdam. In addition to his economic contributions, he was known for his generosity and humanitarianism.


Further Reading


Economic policy: principles and design
www.narcis.nl [PDF]
textabstractContributions to Economic Analysis Vol. 10, edited by J. Tinbergen, PJ Verdoorn and HJ Witteveen. In Spanish: Politica Económica: Principios y Formulación, Fondo de Cultura Económico, Mexico, 1961, 343 p. In German: Wirtschaftspolitik, Series 'Beiträge zur …



Q&A About Jan Tinbergen


Who was Ragnar Frisch?

Ragnar Frisch was a Norwegian economist who also won the Nobel Memorial Prize in Economics along with Jan Tinbergen.

What does this article focus on primarily?

This article focuses on his research into business cycles and economic development as well as multi-equation models that are used today by economists to forecast national economies .

Where did he work before becoming an economist?

Before becoming an economist, he worked for both The Netherlands Bureau for Economic Policy Analysis and The League of Nations.

How many policy instruments does it take to impact multiple policy targets according to this article ?

It takes multiple policy instruments if you want to impact multiple policy targets according to this article .

Why do you think they mention all these facts about him ?

I think they mention all these facts because it shows how much he has contributed not only economically but also socially which is very important when looking at someone's life .

What were some things that people knew about him ?

Some things people knew about him include that he was known for his generosity and humanitarianism .

Who is Jan Tinbergen?

Jan Tinbergen was a Dutch economist born in 193 who earned his Ph.D. in physics from the University of Leyden and taught development planning at the Netherlands School of Economics in Rotterdam.

What field did Tinbergen help to develop?

He helped to develop the field of econometrics.

What did Tinbergen win the Nobel Memorial Prize in Economics for?

He won the Nobel Memorial Prize in Economics for his development and application of dynamic models for analyzing economic processes.