This chapter looks at the achievements of James Tobin who received the Nobel Prize in 1981. Tobin was born in 1918. He earned his under- and post graduate degrees from Harvard, including his doctorate in 1947. He was sterling professor of economics at Yale University from 1957 to 2002. His work after the war involved statistics and econometrics in research which led him to propose a new statistical method known as Tobit analysis. He was interested in Keynesian economics and macroeconomics and sought to improve the theoretical foundations of existing macro models, and to clarify the roles of monetary and fiscal policies. The bulk of his work in the 1950s and 1960s was on the monetary side of macroeconomics. Key publications of his include The American Business Creed and National Economic Policy.
MIT Press Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
If you think you should have access to this title, please contact your librarian.
To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.