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James Tobin

economist

James Tobin

American economist (1918–2002)

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About James Tobin

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 Yale University. He contributed to the development of key ideas in the Keynesian economics of his generation and advocated government intervention in particular 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.

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Occupation

economist, statistician, professor, military personnel

Position held

president

Citizenship

United States

Born

March 5, 1918

Died

March 11, 2002

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Family

Christina Tobin

Connected

Comment on Borch and Feldstein Nobel laureates' letter to President Bush On the theory of macroeconomic policy The Big Arvo Liquidity preference as behavior towards risk Yale University president Harvard University University Laboratory High School University of Illinois Urbana-Champaign

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