Who shared the first Nobel Prize in Economics in 1969 with Jan Tinbergen?

Ragnar Frisch shared the first Nobel Prize in Economics in 1969 with Jan Tinbergen.

Frisch and Tinbergen were honored for developing and applying dynamic models to analyze economic processes. Their work helped establish modern econometrics, which combines economic theory, mathematics, and statistical data.

The economics prize was first awarded in 1969, unlike the original Nobel Prizes, which began in 1901. Its official name is the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. Frisch is also associated with introducing important economic terminology, including the distinction between static and dynamic analysis.

A common mix-up is to name Tinbergen alone, because he is often highlighted as the first economics laureate. The 1969 award was shared equally by Frisch and Tinbergen, making Frisch the other first laureate.