JAMES TOBIN - AUTOGRAPHED INSCRIBED PHOTOGRAPH - HFSID 266794
Sale Price $165.00
Reg. $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 4x4 color photograph, signed in black
ink
Inscribed Photograph Signed: “James Tobin” in black ink. 4x4. 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. Otherwise, fine condition.
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