JAMES TOBIN - AUTOGRAPHED INSCRIBED PHOTOGRAPH 02/24/1991 - HFSID 182112
Price: $200.00
JAMES TOBIN
The Nobel Prize-Winner and economic advisor of US President John F Kennedy is
shown smiling and gazing into the camera in this 3½x4¼ color Polaroid photograph,
signed in black ink
Inscribed Photograph Signed: “For Andre Punseny/Good luck! James Tobin 2-24-91” in black
ink. 3½x4¼. Color. James Tobin (1918-2002) was an American economist whose alma
mater was Harvard University. During 1961 and 1962 he served as a member of President
John F. Kennedy's Council of Economic Advisors, under the chairman Walter Heller, then
worked as a consultant between1962-1968. In close collaboration with Arthur Okun, Robert
Solow and Kenneth Arrow he helped design the Keynesian economic policy implemented
by the Kennedy administration. James Tobin also served for several terms as a member of the
Board of Governors of Federal Reserve System Academic Consultants and as a consultant
of the US Treasury Department. He was a professor at Harvard and Yale Universities who
not only developed the ideas of Keynesian economics but also advocated government
intervention to stabilize output and avoid recessions. His academic work included
pioneering contributions to study of investment, monetary and fiscal policy and financial
markets. Tobin also proposed an econometric model for censored endogenous variables
that is well-known as “Tobit model”. James Tobin received the Noble Memorial Prize in
Economic Sciences in 1981. He was widely known for his idea of a tax on foreign exchange
transactions, now known as the “Tobin tax”; it was designed to reduce speculation in the
international currency markets, which he considered dangerous and unproductive. Edges
slightly creased. Mounting residue on verso with pen notations (unknown hand). Otherwise,
fine condition.
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