Awards & Winners

James Tobin

Date of Birth 05-March-1918
Place of Birth Champaign
(Champaign County, Illinois, United States of America)
Nationality United States of America
Profession Economist, Professor
James Tobin was an American economist who, in his lifetime, served on the Council of Economic Advisors and the Board of Governors of the Federal Reserve System, and taught at Harvard and Yale Universities. He developed the ideas of Keynesian economics, and advocated government intervention to stabilize output and avoid recessions. His academic work included pioneering contributions to the study of investment, monetary and fiscal policy and financial markets. He also proposed an econometric model for censored endogenous variables, the well-known "Tobit model". Tobin received the Nobel Memorial Prize in Economic Sciences in 1981. Outside of academia, Tobin was widely known for his suggestion of a tax on foreign exchange transactions, now known as the "Tobin tax". This was designed to reduce speculation in the international currency markets, which he saw as dangerous and unproductive.

Awards by James Tobin

Check all the awards nominated and won by James Tobin.


Nominations 1997 »

Award Nominated Nominated Work
National Book Critics Circle Award for Biography/Autobiography Ernie Pyle's war


Nobel Memorial Prize in Economic Sciences
(for his analysis of financial markets and their relations to expenditure decisions, employment, production and prices.)