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.
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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
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Robert Dimand is a professor of economics at Brock University, Canada. In 2012-13 he was President of the History of Economics Society. His first book, The Origins of the Keynesian Revolution (1988), was based on his Yale Ph D dissertation, supervised by James Tobin. He is the co-author of a book on the history of game theory, editor or co-editor of a dozen books, and author of more than ninety refereed journal articles.
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