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Full Description
James Tobin, 1981 Nobel laureate in economics, was the outstanding monetary economist among American Keynesian economists. This book, the first written about James Tobin, examines his leading role as a Keynesian macroeconomist and monetary economist, and considers the continuing relevance of his ideas.
Contents
Introduction 1. An American Keynesian 2. Transforming the IS-LM Model Sector by Sector 3. Consumption, Rationing, and Logit Estimation: Tobin as an Econometrician 4. Portfolio Balance, Money Demand and Money Creation 5. Tobin's q and the Theory of Investment 6. Money and Long-Run Economic Growth 7. To Improve the World: Limiting the Domain of Inequality 8. Taming Speculation: The Tobin Tax 9. Tobin's Legacy and Modern Macroeconomics