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.
References in periodicals archive ?
Journalism professor James Tobin examines Roosevelt's life between August 1921, when he was stricken with poliomyelitis, and his election as president.
Excerpted from a study by Damien Gaul and James Tobin, Energy Information Administration, Washington, D.
In defense of such goals, James Tobin wrote as late as 1974 that there was "a vast amount of exaggeration of the cost of inflation.
Similar tax proposals have been supported by many esteemed economists such as Larry Summers, John Maynard Keynes and Nobel Prize winners Joseph Stiglitz and James Tobin.
James Tobin, Boston Scientific's president and CEO, told various news outlets that the company was "not getting credit" for how strong the Endosurgery business performance has been.
But James Tobin, chairman of the Waterford GAA county and western boards, said: "The GAA has never sold its soul, it's one of the few major organisations in this country that hasn't, and never will.
Recently released phone records show that James Tobin, Northeast chair for the National Republican Senatorial Committee, and Jayne Millerick, the head of the state party's get-out-the-vote efforts and later state party chair, called the White House Office of Political Affairs.
On a more positive note, author James Tobin told Underground Construction that the current inventory of new project proposals show a major upturn in new pipeline capacity can be anticipated.
James Tobin expressed this idea in his "q theory" of investment.
Almost ten years before he won the 1981 Nobel Prize for economics, James Tobin unveiled his proposal for a levy on international currency transactions in his Janeway Lectures at Princeton University in 1972.
Ernie Pyle's War: America's Eyewitness to World War II by James Tobin.