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Jan Tinbergen (; ; 12 April 19039 June 1994) was a Dutch economist who was awarded the first Nobel Memorial Prize in Economic Sciences in 1969, which he shared with Ragnar Frisch for having developed and applied dynamic models for the analysis of economic business process, processes. He is widely considered to be one of the most influential economists of the 20th century and one of the founding fathers of econometrics.Magnus, Jan & Mary S. Morgan (1987) ''The ET Interview: Professor J. Tinbergen'' in: 'Econometric Theory 3, 1987, 117-142.
His important contributions to econometrics include the development of the first Large-scale macroeconometric model, macroeconometric models, the solution of the identification problem, and the understanding of dynamic models. Tinbergen was a founding trustee of Economists for Peace and Security. In 1945, he founded the Bureau for Economic Policy Analysis (CPB) and was the agency's first director.
Koninklijke Bibliotheek (in Dutch) After graduating, Tinbergen fulfilled his community service in the administration of a prison in Rotterdam and at the Central Bureau of Statistics (CBS) in The Hague. He then returned to the University of Leiden and in 1929 defended his Doctor of Philosophy, PhD thesis titled "Minimumproblemen in de natuurkunde en de economie" (Minimisation problems in Physics and Economics). This topic was suggested by Ehrenfest and allowed Tinbergen to combine his interests in mathematics, physics, economics and politics. At that time, CBS established a new department of business surveys and mathematical statistics, and Tinbergen became its first chairman, working at CBS until 1945. Access to the vast CBS data helped Tinbergen in testing his theoretical models. In parallel, starting from 1931 he was professor of statistics at the University of Amsterdam, and in 1933 he was appointed associate professor of mathematics and statistics at The Netherlands School of Economics, Rotterdam, where he stayed until 1973. From 1929 to 1945 he worked for the Netherlands, Dutch statistical office and briefly served as consultant to the League of Nations (1936–1938). In 1945 he became the first director of the CPB (Netherlands), Netherlands Bureau for Economic Policy Analysis and left this position in 1955 to focus on education. He spent one year as a visiting professor at the Harvard University and then returned to the Dutch Economic Institute (the successor of the Netherlands School of Economics). In parallel, he provided consulting services to international organizations and governments of various developing countries, such as United Arab Republic, Turkey, Venezuela, Surinam, Indonesia and Pakistan. Tinbergen became a member of the Royal Netherlands Academy of Arts and Sciences in 1946. He was also a member of the International Academy of Science, Munich. In 1956 he founded the Econometric Institute at the Erasmus Universiteit Rotterdam together with Henri Theil, who also was his successor in Rotterdam. In 1960 he was elected as a Fellow of the American Statistical Association and the American Academy of Arts and Sciences. The Tinbergen Institute was named in his honour. The International Institute of Social Studies (ISS) awarded its Honorary Fellowship to Jan Tinbergen in 1962. He was elected to the American Philosophical Society in 1963. In 1968, he received an honorary doctorate from Sir George Williams University, which later became Concordia University. He was elected to the United States National Academy of Sciences in 1974.
For many, Jan Tinbergen became known for the so-called 'Tinbergen Norm' often discussed long after his death. There is no written work of Tinbergen in which he himself states it formally. It is generally believed to be the principle that, if the ratio between the greatest and least income exceeds 5, it becomes disadvantageous for the societal unit involved. Tinbergen himself discussed some technicalities of a five-to-one income distribution ratio in an article published in 1981. Apart from specifics about a five-to-one ratio, it is true in general that Tinbergen's grand theme was income distribution and the search for an optimal social order.
Tinbergen developed the first national comprehensive macroeconomic model, which he first developed in 1936 for the Netherlands, and later applied to the United States and the United Kingdom.
In his work on macroeconomic modelling and economic policy making, Tinbergen classified some economic quantities as ''targets'' and others as ''macroeconomic policy instruments, instruments''. Targets are those macroeconomic variables the policy maker wishes to influence, whereas instruments are the variables that the policy maker can control directly. Tinbergen emphasized that achieving the desired values of a certain number of targets requires the policy maker to control an equal number of instruments. This is known as the Tinbergen Rule.
Tinbergen's classification remains influential today, underlying the theory of monetary policy used by central banks. Many central banks today regard the inflation rate as their target; the policy instrument they use to control inflation is the short-term interest rate.
Tinbergen's work on macroeconomic models was later continued by Lawrence Klein, contributing to another Nobel Prize in Economics, Nobel Memorial Prize in Economic Sciences. For his cultural contributions, he was given the Gouden Ganzenveer in 1985.
Tinbergen's econometric modelling lead to a lively debate with several known participants including J.M. Keynes, Ragnar Frisch and Milton Friedman. The debate is sometime referred to as the Tinbergen debate.
International economic co-operation
'. Amsterdam, 1945. * ''Business Cycles in the United States, 1919–1932'', Geneva, 1939 and New York, 1968. * An econometric approach to business cycle problems. In: ''Impasses économiques ; 2; Actualités scientifiques et industrielles'', ; 525. Paris, 1937. ;About Tinbergen * Nicola Acocella, Acocella, Nicola, Di Bartolomeo, Giovanni (2006), ‘''Tinbergen and Theil meet Nash: controllability in policy games''’, in: ‘''Economics Letters''’, 90(2): 213–218. * Nicola Acocella, Acocella, Nicola, Di Bartolomeo, Giovanni and Hughes Hallett, A. [2010], ‘''Policy games, policy neutrality and Tinbergen controllability under rational expectations''’, in: ‘''Journal of Macroeconomics''’, 32(1): 55–67. * Nicola Acocella, Acocella, Nicola Di Bartolomeo, Giovanni and Hughes Hallett, A. [2011], ‘''Tinbergen controllability and n-player LQ-games''’, in: ‘''Economics Letters''’, 113: 32–4. *Murshed, SM. 2021. "doi:10.1177/0022343320969771, Reformulating Jan Tinbergen’s normative vision on welfare and security." ''Journal of Peace Research''.
TINBERGEN, Jan
in: ''Biografisch Woordenboek van het Socialisme en de Arbeidersbeweging in Nederland''
Jan Tinbergen College
(Dutch website)
Profile at The International Institute of Social Studies
(ISS) * * * {{DEFAULTSORT:Tinbergen, Jan 1903 births 1994 deaths Dutch Nobel laureates Nobel laureates in Economics Writers from The Hague Leiden University alumni Erasmus University Rotterdam faculty Econometricians Fellows of the American Statistical Association Fellows of the Econometric Society Presidents of the Econometric Society Directors of the Bureau for Economic Policy Analysis 20th-century Dutch economists Members of the Royal Netherlands Academy of Arts and Sciences Foreign associates of the National Academy of Sciences Recipients of the Four Freedoms Award Corresponding Fellows of the British Academy Members of the American Philosophical Society
Biography
Tinbergen was the eldest of five children of Dirk Cornelis Tinbergen and Jeannette van Eek. His brother Nikolaas Tinbergen, Nikolaas "Niko" Tinbergen would also win a Nobel Prize (for Nobel Prize in Physiology or Medicine, physiology, during 1973) for his work in ethology, while his youngest brother Luuk Tinbergen, Luuk would become a famous ornithologist. Jan and Nikolaas Tinbergen are the only siblings to have both won Nobel Prizes. Between 1921 and 1925, Tinbergen studied mathematics and physics at the University of Leiden under Paul Ehrenfest. During those years at Leiden he had numerous discussions with Ehrenfest, Heike Kamerlingh Onnes, Kamerlingh Onnes, Hendrik Lorentz, Pieter Zeeman, and Albert Einstein.Jan Tinbergen (1903–1994)Koninklijke Bibliotheek (in Dutch) After graduating, Tinbergen fulfilled his community service in the administration of a prison in Rotterdam and at the Central Bureau of Statistics (CBS) in The Hague. He then returned to the University of Leiden and in 1929 defended his Doctor of Philosophy, PhD thesis titled "Minimumproblemen in de natuurkunde en de economie" (Minimisation problems in Physics and Economics). This topic was suggested by Ehrenfest and allowed Tinbergen to combine his interests in mathematics, physics, economics and politics. At that time, CBS established a new department of business surveys and mathematical statistics, and Tinbergen became its first chairman, working at CBS until 1945. Access to the vast CBS data helped Tinbergen in testing his theoretical models. In parallel, starting from 1931 he was professor of statistics at the University of Amsterdam, and in 1933 he was appointed associate professor of mathematics and statistics at The Netherlands School of Economics, Rotterdam, where he stayed until 1973. From 1929 to 1945 he worked for the Netherlands, Dutch statistical office and briefly served as consultant to the League of Nations (1936–1938). In 1945 he became the first director of the CPB (Netherlands), Netherlands Bureau for Economic Policy Analysis and left this position in 1955 to focus on education. He spent one year as a visiting professor at the Harvard University and then returned to the Dutch Economic Institute (the successor of the Netherlands School of Economics). In parallel, he provided consulting services to international organizations and governments of various developing countries, such as United Arab Republic, Turkey, Venezuela, Surinam, Indonesia and Pakistan. Tinbergen became a member of the Royal Netherlands Academy of Arts and Sciences in 1946. He was also a member of the International Academy of Science, Munich. In 1956 he founded the Econometric Institute at the Erasmus Universiteit Rotterdam together with Henri Theil, who also was his successor in Rotterdam. In 1960 he was elected as a Fellow of the American Statistical Association and the American Academy of Arts and Sciences. The Tinbergen Institute was named in his honour. The International Institute of Social Studies (ISS) awarded its Honorary Fellowship to Jan Tinbergen in 1962. He was elected to the American Philosophical Society in 1963. In 1968, he received an honorary doctorate from Sir George Williams University, which later became Concordia University. He was elected to the United States National Academy of Sciences in 1974.
Work
For many, Jan Tinbergen became known for the so-called 'Tinbergen Norm' often discussed long after his death. There is no written work of Tinbergen in which he himself states it formally. It is generally believed to be the principle that, if the ratio between the greatest and least income exceeds 5, it becomes disadvantageous for the societal unit involved. Tinbergen himself discussed some technicalities of a five-to-one income distribution ratio in an article published in 1981. Apart from specifics about a five-to-one ratio, it is true in general that Tinbergen's grand theme was income distribution and the search for an optimal social order.
Tinbergen developed the first national comprehensive macroeconomic model, which he first developed in 1936 for the Netherlands, and later applied to the United States and the United Kingdom.
In his work on macroeconomic modelling and economic policy making, Tinbergen classified some economic quantities as ''targets'' and others as ''macroeconomic policy instruments, instruments''. Targets are those macroeconomic variables the policy maker wishes to influence, whereas instruments are the variables that the policy maker can control directly. Tinbergen emphasized that achieving the desired values of a certain number of targets requires the policy maker to control an equal number of instruments. This is known as the Tinbergen Rule.
Tinbergen's classification remains influential today, underlying the theory of monetary policy used by central banks. Many central banks today regard the inflation rate as their target; the policy instrument they use to control inflation is the short-term interest rate.
Tinbergen's work on macroeconomic models was later continued by Lawrence Klein, contributing to another Nobel Prize in Economics, Nobel Memorial Prize in Economic Sciences. For his cultural contributions, he was given the Gouden Ganzenveer in 1985.
Tinbergen's econometric modelling lead to a lively debate with several known participants including J.M. Keynes, Ragnar Frisch and Milton Friedman. The debate is sometime referred to as the Tinbergen debate.
Selected publications
* ''World security and equity''. Aldershot, 1990. . * ''Production, income and welfare : the search for an optimal social order''. Brighton, 1985 . * ''Economic policy: Principles and Design''. Amsterdam, 1978. . * ''Der Dialog Nord-Süd: Informationen zur Entwicklungspolitik''. Frankfurt am Main: Europ. Verlagsanstalt, 1977. * ''Income distribution : analysis and policies''. New York, 1975. . * ''The Dynamics of Business Cycles: A Study in Economic Fluctuations''. Chicago: U of Chicago P, 1974. . * ''The Element of Space in Development Planning'' (together with L.B.M. Mennes and J.G. Waardenburg), Amsterdam, 1969 * ''Development planning''. London, 1967. * Central planning. ''Studies in comparative economics'', 4. New Haven, 1964. * ''Shaping the world economy, suggestions for an international economic policy''. New York, 1962. * ''Selected papers''. Amsterdam, 1959 * ''Economic Policy: Principles and Design'', Amsterdam, 1956 * ''Centralization and Decentralization in Economic Policy'', Amsterdam, 1954 . * ''Econometrics''. London, 1953. * ''On the Theory of Economic Policy''. Second edition (1952) is Volume 1 of ''Contributions to Economic Analysis'', Amsterdam: North-Holland. * ''Business Cycles in the United Kingdom, 1870–1914'', Amsterdam, 1951 *International economic co-operation
'. Amsterdam, 1945. * ''Business Cycles in the United States, 1919–1932'', Geneva, 1939 and New York, 1968. * An econometric approach to business cycle problems. In: ''Impasses économiques ; 2; Actualités scientifiques et industrielles'', ; 525. Paris, 1937. ;About Tinbergen * Nicola Acocella, Acocella, Nicola, Di Bartolomeo, Giovanni (2006), ‘''Tinbergen and Theil meet Nash: controllability in policy games''’, in: ‘''Economics Letters''’, 90(2): 213–218. * Nicola Acocella, Acocella, Nicola, Di Bartolomeo, Giovanni and Hughes Hallett, A. [2010], ‘''Policy games, policy neutrality and Tinbergen controllability under rational expectations''’, in: ‘''Journal of Macroeconomics''’, 32(1): 55–67. * Nicola Acocella, Acocella, Nicola Di Bartolomeo, Giovanni and Hughes Hallett, A. [2011], ‘''Tinbergen controllability and n-player LQ-games''’, in: ‘''Economics Letters''’, 113: 32–4. *Murshed, SM. 2021. "doi:10.1177/0022343320969771, Reformulating Jan Tinbergen’s normative vision on welfare and security." ''Journal of Peace Research''.
See also
* List of economistsReferences
External links
*TINBERGEN, Jan
in: ''Biografisch Woordenboek van het Socialisme en de Arbeidersbeweging in Nederland''
Jan Tinbergen College
(Dutch website)
Profile at The International Institute of Social Studies
(ISS) * * * {{DEFAULTSORT:Tinbergen, Jan 1903 births 1994 deaths Dutch Nobel laureates Nobel laureates in Economics Writers from The Hague Leiden University alumni Erasmus University Rotterdam faculty Econometricians Fellows of the American Statistical Association Fellows of the Econometric Society Presidents of the Econometric Society Directors of the Bureau for Economic Policy Analysis 20th-century Dutch economists Members of the Royal Netherlands Academy of Arts and Sciences Foreign associates of the National Academy of Sciences Recipients of the Four Freedoms Award Corresponding Fellows of the British Academy Members of the American Philosophical Society