Jan Tinbergen (1903 - 1994) was awarded the first Nobel Prize in Economics in 1969, which he shared with Ragnar Frisch for having developed and applied dynamic models for the analysis of economic processes. Tinbergen developed the first national comprehensive macroeconomic model, which he first built for the Netherlands and later applied to the United States and the United Kingdom after World War II His brother Nikolaas Tinbergen won the Nobel Prize in Physiology or Medicine.

Timbergen's work was later built on by Lawrence Klein, contributing to another Nobel Prize.

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