James Tobin
Economist and Nobel Prize winner
Born
March 5th, 1918
107 years ago
Died
March 11th, 2002
23 years ago — 84 years old
Category
Thinkers & Philosophers
Country
United States
Links & References
An American economist and academic who contributed significantly to the field of economics, particularly in the areas of investment theory and monetary policy. Tobin developed the Tobin Tax, a proposed tax on financial transactions aimed at reducing speculation. He served on the faculty at Yale University and held various prestigious positions, including President of the American Economic Association. His scholarly work led to the formulation of the Tobin's Q theory, which describes the relationship between market value and replacement costs of assets. Tobin received the Nobel Memorial Prize in Economic Sciences in 1981 for his analysis of financial markets and their relations to real investment.
Developed the Tobin Tax
Received the Nobel Prize in Economic Sciences in 1981
Contributed to investment theory and monetary policy
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