James Tobin (1918–2002)

Born 1918 CE, died 2002 CE.

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. He contributed to the development of key ideas in the Keynesian economics of his generation and advocated government intervention in particular to stabilize output and avoid recessions. His academic work included pioneering contributions to the study of investment, monetary and fiscal policy and financial markets. He also proposed an econometric model for censored dependent variables, the well-known tobit model. Along with fellow neo-Keynesian economist James Meade in 1977, Tobin proposed nominal GDP targeting as a monetary policy rule in 1980.

Text from the Wikipedia article James_Tobin, licensed CC BY-SA 4.0.

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James Tobin

Text from the Wikipedia article James_Tobin (revision 1366944020), licensed CC BY-SA 4.0.

James Tobin (1918–2002)

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