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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. Jan Tinbergen was born in The Hague and became interested in mathematics and natural science at an early age.

He began studying physics in Leiden and took part in discussions with his professors, including Albert Einstein. His interests shifted to economics, which he thought would allow him to contribute more to society. Despite attempts to dissuade him, economics became his focus. He spent most of his career as a professor in the Netherlands. Like Ragnar Frisch before him, Jan Tinbergen was a pioneer in changing economics from a science formulated in words to one based on mathematics.

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