The Dutch economist Jan Tinbergen (1903–1994) gave several theories about economics and obtained the Nobel Memorial Prize (awarded along with Ragnar Frisch) regarding “having developed and applied dynamic models for the analysis of economic processes”
On April 12, 1903, the Dutch economist Jan Tinbergen was in The Hague, Netherlands. In 1921, Tinbergen completed his university degree both the subjects physics and mathematics at the University of Leiden, where he also took a doctoral degree in physics. his degree thesis was concerning Minimization issues in Physics and Economics.
Tinbergen’s beginning function shows physical science after that he became a great economist. Since the 1930s he released papers about aggregative models of the economy which contains simultaneous dynamic equations. Tinbergen designed the very 1st national extensive macroeconomic model.
From 1929 to 1945, the Dutch signed up with as its first chairman of the Central Bureau of Statistics (CBS), a new section of business research as well as mathematical statistics of the Nederlander government, aside from 1936-1938, when he served as a business-cycle analysis specialist for the League of Nations At Amsterdam University he became professor of statistics department in 1931 and also in 1933 he became an associate professor of development planning in Netherlands School of Economics, until 1973.
Jan Tinbergen started his directory as the first director of the Economic Policy Analysis of the Dutch government and left from this in 1955. After then, this individual became a consultant to several governments and also worldwide organizations, demonstrating particular matter for the difficulties involving underdeveloped countries.In 1956 the Econometric Institute was founded by him with Henri Theil. An institute was built in his honor and naming ‘Tinbergen Institute’. In 1962, Tinbergen has achieved an honorary fellowship from International Institute of Social Studies. For Development Planning, he (1965- 1972) elected as chairman of the UN., Over 20 economic institutes was established for his contribution in several countries of the world.
Tinbergen wrote broadly on like significant issues for the reason that mathematical research from the business cycle, Income distribution theory in 1975, economic growth theory, the elasticities of substitution measurement, economic development theory, In 1987 gave Warfare and Welfare theory, World Security and Equity in 1990.
The most historical period for him and also for economic science in 1969 he got the Nobel Memorial Prize (awarded along with Ragnar Frisch) regarding “having developed and applied dynamic models for the analysis of economic processes”. In 1992, they acquired four Freedoms Honor. He died in The Holland on June 9, 1994.