James Tobin

James Tobin (March 5, 1918 – March 11, 2002) 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.

Read more about James TobinPublications

Other articles related to "james tobin, tobin, james":

The Big Arvo - Hosts
... Hardy 2 August 6 ... May 2005 3rd co-host Anna Choy 2 August 1999 May 2004 James Tobin October 6 ... May 2005 4th co-host Curtis Fernandez 2 August 1999 July 2000 Luke Jacobz 1 ... There is a 5 month gap between Anna Choy being replaced by James Tobin as The Big Arvo was off air during this time, replaced by Girl TV ... James Tobin was credited as "Jesse Tobin" for all episodes ...
James Tobin - Publications
... Tobin, James (1941) ... Tobin, James (1955) ... Tobin, James (1956) ...
Tobin Tax - Original Idea and Alter-globalization Movement
... Tobin's more specific concept of a "currency transaction tax" from 1972 lay dormant for more than 20 years but was revived by the advent of the 1997 Asian Financial Crisis ... Diplomatique, renewed the debate around the Tobin tax with an editorial titled "Disarming the markets" ... the Italian independent radio network Radio Popolare in July 2001 James Tobin distanced himself from the global justice movement ...

Famous quotes containing the word james:

    Those thoughts are truth which guide us to beneficial interaction with sensible particulars as they occur, whether they copy these in advance or not.
    —William James (1842–1910)