James Tobin Essays In Economics

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, through his service in President Kennedy's administration, his receipt of the Nobel Prize in Economics and in his continuing work at Yale University, James Tobin has often been in the public eye.

So that is what I like about today's Fed—that they're willing to be pragmatic about it and willing to see whether it's possible to have lower rates of unemployment or not. REGION: So, in terms of wage inflation, until we see it we shouldn't necessarily worry about it?

TOBIN: Well, I wouldn't necessarily say that you shouldn't worry about it until you see it, but on the other hand you're making a gratuitous assumption if you think you can detect its imminence by looking at the unemployment rate alone.

With low unemployment you have more vacancies and with high unemployment you don't have very many vacancies—usually called a Beveridge curve.

That shifted out against us in the '70s and '80s and it seemed to accompany the rise in the apparent NAIRU [nonaccelerating inflation rate of unemployment] from 4 percent in the '50s and 60's to 6 or even more in the late '70s and early '80s. And there are other statistics which give the same answer.


Comments James Tobin Essays In Economics

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    James Tobin, while universally acknowledged as one of the leading macro- economists of the twentieth. Tobin's 1965, 1968 subsequent work on long-run economic growth and. Essays in the Theory of Economic Growth. New York.…

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    James Tobin, a Nobel laureate in economics, believed deeply in the power of. than four-hundred articles, while also publishing essays for a popular audience.…

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    James Tobin の主要著作. in Moss, editor, Measurement of Economic and Social Performance; Essays in Economics, two volumes, 1974-5.…

  • Fisher's The Nature of Capital and Income* - Tobin - 2005.

    In this essay James Tobin reminds us of the importance of Irving Fisher's great book and how that book was favorably received by economists.…

  • World Finance and Economic Stability

    World Finance and Economic Stability. Selected Essays of James Tobin. The late James Tobin, formerly Sterling Professor Emeritus of Economics, Yale.…

  • Tobin - The History of Economic Thought Website

    Born and raised in Champaign, Illinois, James Tobin received his principal. "An Essay on the Principles of Debt Management", 1963, in Fiscal and Debt.…

  • James Tobin an appreciation of his contribution to economics

    Food demand functions; economic growth; Tobin's q; the 'Tobin Tax'; the monetary. Grossman 1975 is an interesting review of the first of Tobin's Essays in.…


    James Tobin married Elizabeth Fay Ringo, an economics gra- duate at MIT Massachusetts. James Tobin studied economics at Harvard University. 1935 – 1939. Holland, 1974. • Essays in Economics Consumption and Econometrics.…

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