Nobel Memorial Prize in Economic Sciences
Laureates in the Memorial Prize in Economics are selected by the Royal Swedish Academy of Sciences. It was first awarded in 1969 to the Dutch and Norwegian economists Jan Tinbergen and Ragnar Frisch, "for having developed and applied dynamic models for the analysis of economic processes".
Franco Modigliani
In October 1985, Modigliani was awarded that year's Nobel prize in Economics "for his pioneering analyses of saving and of financial markets."