James Tobin
James Tobin, until his death in
March 2002, was Sterling Professor of
Economics Emeritus at Yale University. He had been on the Yale
faculty since 1950. He received a
PhD in economics from Harvard in
1947 and was a Junior Fellow of the
Society of Fellows for three years
1947–50, the last of which he spent at
the Department of Applied Economics
at the University of Cambridge, UK.
In 1955 the American Economic
Association awarded him the John
Bates Clark Medal, given to an
outstanding economist under age 40.
In 1961–62, on leave from Yale, he
was a Member of President
Kennedy’s Council of Economic
Advisers. He was President of the
Econometric Society in 1958, and of
the American Economic Association
in 1971. In 1981 he received the
Nobel Prize in Economic Science. He
authored or edited sixteen books and
more than four hundred articles. He
wrote both for professional readers
and for the general public.
Papers Published in World Economics:
James Tobin, 1918–2002
Author: An interview with introduction by Brian Snowdon & Howard Vane
Professor James Tobin, who died on 11 March 2002, was possibly the most eminent
of the world’s ‘Keynesian’ economists. Described by Nobel Laureate Paul Samuelson
as “the archetype of a late-twentieth century American scholar”, Tobin was
without doubt one of the most influential economists of his time who inspired a
whole generation of students. In this interview, Professor Tobin discusses the
progress and development of economics in the second half of the twentieth century.
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