James Tobin Quotes
From 1966 to 1970 I served as Chairman of the New Haven City Plan Commission.
Tobin, James. "James Tobin - Biographical." NobelPrize.org, Nobel Prize Outreach AB, 1981, www.nobelprize.org/prizes/economic-sciences/1981/tobin/biographical/.
James Tobin 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. 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 dependent variables, the well-known Tobit model.