Jan Tinbergen
Candlefocus EditorTinbergen's most famous contributions to the field of economics are twofold. First, the so-called "Tinbergen Rule" which states that when governments want to target multiple outcomes, multiple policy instruments must be used. This rule has been utilized in economics since its formulation, as it provides a framework for rational economic decision making.
Second, Tinbergen is credited with developing the so-called “Tinbergen Norm”, which suggests that a gap of higher than five-fold between the lowest and highest incomes in a population can produce significant social conflict, as it reinforces the notion of inequality. This theory has been used over the years to inform policy makers in the attempt to promote social equity within communities.
Jan Tinbergen’s work continues to have a pervasive influence on the modern economics profession. His contributions have been so significant that he is remembered as one of the pioneers of the true field of economics. The long-lasting effect of his theories and research will continue to provide foundations for the economics profession for years to come.