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- James Tobin, a Nobel laureate in economics, believed deeply in the power of ideas. Over the course of an esteemed career, he served as Sterling Professor at Yale University, a member of President Kennedy’s Council of Economic Advisers, and an academic consultant to the Board of Governors of the Federal Reserve.
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James Tobin, a Nobel laureate in economics, believed deeply in the power of ideas. Over the course of an esteemed career, he served as Sterling Professor at Yale University, a member of President Kennedy’s Council of Economic Advisers, and an academic consultant to the Board of Governors of the Federal Reserve.
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 Harvard and Yale Universities.
James Tobin (born March 5, 1918, Champaign, Illinois, U.S.—died March 11, 2002, New Haven, Connecticut) was an American economist whose contributions to the theoretical formulation of investment behaviour offered valuable insights into financial markets. His work earned him the Nobel Prize for Economics in 1981.
Mar 11, 2002 · James Tobin’s achievements cover a broad spectrum of economic research. He made substantial contributions in such widely differing areas as econometric methods and strictly formalized game theory, the theory of household and firm behavior, general macro theory and applied analysis of economic policy.
In 1950 he became an economics professor at Yale University, taking a leave of absence to serve as a member of President John F. Kennedy’s Council of Economic Advisers from January 1961 to July 1962.
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1981 was awarded to James Tobin "for his analysis of financial markets and their relations to expenditure decisions, employment, production and prices"
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. He is known for...
