James Tobin
American economist (1918–2002)
Biography
James Tobin was born in Champaign, Illinois, in 1918 and died in 2002. He worked as an economist, statistician, and professor at Yale University, and served on the Council of Economic Advisers while also consulting with the Board of Governors of the Federal Reserve System. His research addressed investment, monetary and fiscal policy, and financial markets, and he developed an econometric model for censored dependent variables known as the tobit model. He advocated for government intervention to stabilize output and prevent recessions.
Occupation
James Tobin is recorded as a statistician, a economist, a professor and a military personnel, born in Illinois (1918–2002).
Connections to Illinois
James Tobin was born in Champaign, Illinois in 1918. Explore other notable figures from Illinois, historic sites connected to this era, and the full colonial and statehood history of the state using the links below.
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Biographical content adapted from Wikipedia under the Creative Commons Attribution-ShareAlike 4.0 International License. Source: Wikipedia.
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