Question : The first Nobel Prize in Economics was awarded to:
Option 1: Joseph Stiglitz
Option 2: Paul Samuelson
Option 3: Amartya Sen
Option 4: Jan Tinbergen and Ragnar Frisch
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Correct Answer: Jan Tinbergen and Ragnar Frisch
Solution : The correct answer is Jan Tinbergen and Ragnar Frisch.
The first Nobel Memorial Prize in Economic Sciences was given in 1969 to Ragnar Frisch (Norway) and Jan Tinbergen (The Netherlands) for having developed and applied dynamic models for the analysis of economic processes. The award, officially known as The Sveriges Riksbank Prize in Economic Sciences in memory of Alfred Nobel, is awarded annually by the Royal Swedish Academy of Sciences.
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