The correct answer is: A. Ragner Frisch and Jan-Tinbergen
Ragner Frisch and Jan Tinbergen were jointly awarded the first Nobel Memorial Prize in Economic Sciences in 1969 “for their pioneering work in the field of econometrics”.
Econometrics is the application of statistical methods to economic data in order to understand economic phenomena. It is a relatively new field, having only emerged in the early 20th century. Frisch and Tinbergen were two of the pioneers of econometrics, and their work has had a profound impact on the field.
Frisch was a Norwegian economist who was born in 1895. He studied economics at the University of Oslo, where he received his doctorate in 1926. After graduation, he worked as a professor of economics at the University of Oslo from 1926 to 1931. In 1931, he founded the Institute of Economics at the University of Oslo, which he directed until his death in 1973.
Tinbergen was a Dutch economist who was born in 1903. He studied economics at the University of Leiden, where he received his doctorate in 1929. After graduation, he worked as a professor of economics at the University of Amsterdam from 1933 to 1955. In 1955, he founded the Netherlands Economic Institute, which he directed until his death in 1994.
Frisch and Tinbergen were both awarded the Nobel Prize in Economics in 1969 “for their pioneering work in the field of econometrics”. Their work has had a profound impact on the field of economics, and they are considered to be two of the most important figures in the history of econometrics.
The other options are incorrect because:
- Option B: Gunuar Mirdal and F. Von Hayek were awarded the Nobel Prize in Economics in 1974.
- Option C: Paul Samuelson was awarded the Nobel Prize in Economics in 1970.
- Option D: Milton Friduran was never awarded the Nobel Prize in Economics.