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James Tobin

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James Tobin
A 20th-century American economist. A Keynesian, he promoted government intervention in economies to prevent or end recessions. He also suggested that a fairly priced company ought to have a price equal to its total asset value, which formed the basis of the Q ratio, which is used to value companies. Tobin served on the Federal Reserve Board of Governors and Council of Economic Advisors. He received the Nobel Prize for Economics in 1981. He lived from 1918 to 2002.
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Critics argue that measures such as the so-called Tobin tax - a flat tax on currency transactions named after the Nobel Prize laureate James Tobin - would just dry up world financial flows.
UK calls for global tax by Independent Television News Limited (ITN)
Supporters of measures such as a so-called Tobin tax _ a flat tax on currency transactions named after the Nobel Prize laureate James Tobin _ say the money would protect countries from spillovers of financial crises.
Too early to end stimulus, say G-20 finance officials by The Daily Star (Beirut, Lebanon)
The tax was originally proposed in 1971 by Nobel Prize laureate James Tobin as a means of reducing speculation in global markets, but Tobin himself later began to doubt his own idea was workable.
Brown says G20 should consider transactions tax by AFP / AFP Global Edition
 
 
 
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