James Tobin Quotes

Yale places great stress on undergraduate and graduate teaching. I like teaching, and I do a lot of it.

 
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James Tobin
James Tobin
  • Born: March 5, 1918
  • Died: March 11, 2002
  • Nationality: American
  • Profession: Economist

James Tobin was an American economist who served on the Council of Economic Advisers 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.