Ragnar Frisch shared the first Nobel Memorial Prize in Economic Sciences in 1969.
Frisch received the award jointly with Dutch economist Jan Tinbergen. The prize recognized their work in developing and applying dynamic models for analyzing economic processes. Frisch was especially influential in establishing quantitative economics as a distinct field.
Frisch helped found the Econometric Society in 1930 and served as its first president. He also introduced important terminology, including the distinction between macroeconomics and microeconomics. His research connected mathematical theory, statistics, and real-world economic measurement.
The award is formally called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. It was created in 1968 and first awarded in 1969, so Frisch was among its inaugural laureates rather than a recipient of one of Nobel's original prizes.