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 ?
Professor James Tobin's many contributions to the field of economics cover a broad range--from purely theoretical work in econometric methods and formal modeling to applied analysis of government economic policy.
Other Explorers at the presentation were James Tobin, crew leader of the Explorers; James Colaizzi, assistant crew leader; John Josti; Robert Cleary; Daniel Hastings; Kenneth Holmes; Raymond Turcotte; and William Walsh.
economist James Tobin who proposed one in 1972 as a way of reducing financial market volatility, the levy has become a political symbol as the debt crisis shakes the continent.
economist James Tobin in the 1972 as a way of reducing financial market volatility, has become a political symbol of a widespread desire to make banks, hedge funds and high-frequency traders pay a price for the crisis.
It is hoped proceeds from the tax, first proposed by US economist James Tobin, would pay for anti-poverty and anti-climate change initiatives.
And it is - drum roll - a version of the "Tobin tax," a levy on financial transactions first suggested in 1972 by the Nobel laureate economist James Tobin.
The idea of a tax on financial transactions, sometimes called a Tobin tax after economist James Tobin, has come up regularly in recent months as policymakers examine how financial markets might help pay for the effects of the financial crisis.
The tax was first suggested by Professor James Tobin, an American economist, in 1972, to "throw some sand in the wheels of speculation".
The tax was first suggested by American economist James Tobin in the 70s.
"In addition to being a welcome product approval, we believe this is also an important indication we have made significant progress toward resolving the issues related to the Corporate Warning Letter," said Boston Scientific Chief Executive Officer James Tobin, in a statement.
This volume contains the papers presented at a commemorative conference at Fisher's university, Yale, in May 1998 (just a year too late for the fiftieth anniversary of his death), together with three previously published papers by another great Yale economist, James Tobin. There is a very strong Yale flavour to the entire book, which first appeared as the (bumper) January 2005 issue of The American Journal of Economics and Sociology.
On a more positive note, author James Tobin told P&GJ that the current inventory of new project proposals show a major upturn in new pipeline capacity can be anticipated.