Word: tinbergen
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More recently, convergence has been taken up with considerable enthusiasm by economists-notably the Dutch Nobel prizewinner Jan Tinbergen and Harvard's John Kenneth Galbraith. In The New Industrial State, Galbraith states with his customary élan that technology has an imperative all its own. On the Russian side, advanced industrialization will inevitably lead to greater intellectual curiosity and freedom; in the U.S., it will inexorably lead to more planning and centralized economic controls...
...longtime leaders in this increasingly glamorous science were finally given the ultimate honor, the first Nobel Prize in Economics, the only new category added to the awards since they were started in 1901. The $72,700 prize was shared by Dr. Ragnar Frisch, 74, of Norway, and Dr. Jan Tinbergen, 66, of The Netherlands. The award was for their joint development in the 1930s of the esoteric but highly influential field of econometrics, which employs mathematical models to analyze an economy, predict its course and help to select policies that will alter its future...
...Scandinavia, believes that computers will soon help make planning popular in all countries. But he admits that models are far harder to build for rich, complex countries than for simpler economies. "Frisch and I started this work in the 1930s, in the days of the economic depression," says Jan Tinbergen. "We wanted to draw a plan to fight depression causes and keep unemployment under control." In recent years, Tinbergen has devoted all of his time to the problems of underdeveloped countries, where econometrics seems well suited to government-diverted economies, and he has set up 20 economic institutes in such...
...BUSINESS story "Doctors of Development." Work on this report of the activities and powers of economists around the world was begun some three weeks ago, involved 35 interviews by correspondents in 15 countries. One of the economists who was a source for the story was Holland's Jan Tinbergen, who had never before granted an interview to the press. When TIME's correspondent was leaving after their talk, the economist said: "If you really are going to have an article in TIME, please mention my wife. Her name is Tine de Wit. She has supported me enormously...
Jamaica's W. Arthur Lewis, a Princeton professor, has answered calls from countries in Asia, Africa and the West Indies that are trapped between rising expectations and falling commodity prices. No development specialist has been more active than Jan Tinbergen, an obscure Dutchman ("I never gave an interview in my life," said he last week, in his first interview). From his Netherlands Economic Institute in Rotterdam, Tinbergen dispatches experts to 50 countries, where they preach the doctrines of economic planning. Recently he set up branches of his institute in Bangkok and Cairo...