James Tobin Quotes

James Tobin — American Economist born on March 05, 1918, died on March 11, 2002

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... (wikipedia)

The miserable failures of capitalist economies in the Great Depression were root causes of worldwide social and political disasters.

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

The crisis triggered a fertile period of scientific ferment and revolution in economic theory.

I studied economics and made it my career for two reasons. The subject was and is intellectually fascinating and challenging, particularly to someone with taste and talent for theoretical reasoning and quantitative analysis.

Most important, I have learned from my colleagues and students.

James Tobin Quotes

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