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James Tobin

Read through the most famous quotes from James Tobin




At the time, my personal research objectives were to provide Keynesian economics with more rigorous foundations and to tighten and elaborate the logic of macroeconomic and monetary theory.


— James Tobin


#elaborate #foundations #logic #monetary #more

After the United States entered the war, I joined the Naval Reserve and spent ninety days in a Columbia University dormitory learning to be a naval officer.


— James Tobin


#columbia #columbia university #days #entered #i

From 1966 to 1970 I served as Chairman of the New Haven City Plan Commission.


— James Tobin


#city #commission #haven #i #new

I was born in Champaign in 1918. From the neighborhood elementary and intermediate schools, I went to the University High School in the twin city, Urbana.


— James Tobin


#city #elementary #high #high school #i

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


— James Tobin


#i #i have learned #important #learned #most

My father also happened to be an intellectual, as learned, literate, informed, and curious as anyone I have known. Unobtrusively and casually, he was my wise and gentle teacher.


— James Tobin


#anyone #casually #curious #father #gentle

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


— James Tobin


#economic #economic theory #ferment #fertile #period

The greatest good fortune of my return to Cambridge in 1946 was that there, in the spring, I met Elizabeth Fay Ringo. We were married a few months later.


— James Tobin


#elizabeth #fay #few #fortune #good

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


— James Tobin


#causes #depression #disasters #economies #failures

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


— James Tobin


#graduate #great #i #i do #like






About James Tobin






Did you know about James Tobin?

Despite no special preparation for the exams he passed and was admitted with a national scholarship from the university. Vol. See also
Basic income
Guaranteed minimum income
Q Ratio (Tobin's Q ratio)
Tobit model (Tobin's model for censored endogenous variables)
Tobin tax.

This was designed to reduce speculation in the international currency markets which he saw as dangerous and unproductive. Outside of academia Tobin was widely known for his suggestion of a tax on foreign exchange transactions now known as the "Tobin tax". He developed the ideas of Keynesian economics and advocated government intervention to stabilize output and avoid recessions.

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