James Tobin (1918-2002)

Awarded the Prize “for his analysis of financial markets their relations to expenditure decisions, employment, production prices.”

American economist. Tobin was born on March 5, 1918 at Champaign, Illinois. He studied at Harvard University, obtaining his Ph.D. in 1947. He moved to Yale in 1950 was appointed Sterling Professor of Economics. Tobin died on March 11, 2002 in New Haven, Connecticut, USA.
Major Works:
Liquidity Preference as Behaviour towards Risk (1958); National Economic Policy (1966); Financial Markets Economic Activity (1967); Essays in Economics: Macroeconomics (1971); Economics, One Decade Older (1974); Essays in Economics: Consumption Econometrics (1975); Asset Accumulation Economic Activity (1980); Essays in Economics: Theory Policy (1982)