James Tobin
(1918-2002)
American economist
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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. 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.
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| Born |
5 March 1918 Champaign, Illinois, USA
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| Died |
11 March 2002 (aged 84) New Haven, Connecticut, US
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| Zodiac | Pisces |
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