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- Professor Tobin liked to say that he became an economist for two reasons: “One... economic theory is a fascinating intellectual challenge... [and two] the obvious relevance of economics to understanding and perhaps overcoming the great depression and all the frightening political developments associated with it throughout the world." [ 16]
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In 1957 Tobin was appointed Sterling Professor of Economics at Yale. Besides teaching and research, Tobin was also strongly involved in the public life, writing on current economic issues and serving as an economic expert and policy consultant.
Professor Tobin liked to say that he became an economist for two reasons: “One . . . economic theory is a fascinating intellectual challenge . . .
Mar 11, 2002 · After taking degrees from Harvard University (B.A., 1939; Ph.D., 1947), Tobin spent 1941–42 as an economist with the Office of Price Administration in Washington, D.C. During World War II he served in the Naval Reserve, rising to second in command of the destroyer USS Kearney .
May 16, 2022 · James Tobin was a Neo-Keynesian economist who received the 1981 Nobel Prize in economics for his research on the financial system and its impact on inflation and employment.
Tobin's insights helped pave the way for further work in finance theory. Tobin did his undergraduate and graduate work at Harvard University, with an interruption to serve in the U.S. Navy during World War II. Since 1950 he has been an economics professor at Yale University.
1918-2002. T he American economist James Tobin received the 1981 Nobel Prize “for his analysis of financial markets and their relations to expenditure decisions, employment, production, and prices.” Many people regard Tobin as America’s most distinguished Keynesian economist. Tobin’s most important work was on financial markets.
Dec 13, 2016 · 121 Accesses. 1 Citations. Abstract. James Tobin was a brilliant economist and the leading proponent of Keynesian economics in the second half of the 20th century. He greatly advanced understanding of financial institutions and monetary theory and policy. He stressed the importance of asset holdings and wealth on consumer spending.
