Financial specialists normally view themselves as microeconomists or macroeconomists. The contrast among microeconomics and macroeconomics probably was presented in 1933 by the Norwegian financial specialist Ragnar Frisch, the co-beneficiary of the first Nobel Memorial Prize in Quite a while in 1969.[5][6] However, Frisch didn't really utilize "microeconomics", rather drawing differentiations between "miniature dynamic" and "large scale dynamic" investigation in a way like how the words "microeconomics" and "macroeconomics" are utilized today. [5][7] The previously known utilization of the expression "microeconomics" in a distributed article was from Pieter de Wolff in 1941, who widened the expression "miniature elements" into "microeconomics".[61 8]