James Tobin
Economist, Academic
1918 – 2002
Who was James Tobin?
James Tobin was an American economist who, in his lifetime, served on the Council of Economic Advisors and the Board of Governors of the Federal Reserve System, and taught at Harvard and Yale Universities. He developed the ideas of Keynesian economics, and advocated government intervention 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 endogenous variables, the well-known "Tobit model". Tobin received the Nobel Memorial Prize in Economic Sciences in 1981.
Outside of academia, Tobin was widely known for his suggestion of a tax on foreign exchange transactions, now known as the "Tobin tax". This was designed to reduce speculation in the international currency markets, which he saw as dangerous and unproductive.
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- Born
- Mar 5, 1918
Champaign - Also known as
- 詹姆士·托賓
- Тобин, Джеймс
- Nationality
- United States of America
- Profession
- Education
- Harvard University
- University Laboratory High School
- Employment
- Yale University
- Lived in
- United States of America
- Champaign
- Died
- Mar 11, 2002
New Haven
Submitted
on July 23, 2013
Citation
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"James Tobin." Biographies.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.biographies.net/people/en/james_tobin>.
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