James Tobin (1918-2002) was an American economist at Yale University who served on the Council of Economic Advisers under President Kennedy. He contributed to Keynesian macroeconomics with portfolio selection theory and the Tobin's q ratio, and proposed the Tobin tax on international currency transactions. He won the 1981 Nobel Memorial Prize in Economic Sciences. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/
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Source James Tobin (Wikipedia)Lead paragraph of the cited Wikipedia articleQuote, Lead paragraph of the cited Wikipedia article
James Tobin (March 5, 1918 – March 11, 2002) was an American economist who served on the Council of Economic Advisers and consulted with the Board of Governors of the Federal Reserve System, and taught at Yale University.
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James Tobin was an American economist who served on the Council of Economic Advisers and taught at Yale University. He contributed to the development of key ideas in Keynesian economics and advocated government intervention to stabilize output and avoid recessions.
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March 5, 1918
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March 11, 2002
View the Source New World Encyclopedia: James Tobin
New World EncyclopediaIn Group: Keynesian and Post-Keynesian Macroeconomists, Article textQuote, In Group: Keynesian and Post-Keynesian Macroeconomists, Article text
Tobin advocated and developed the ideas of Keynesian economics .
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