Volume 2 of James Tobin's Essays in Economics brings together twenty papers published between 1940 and 1972. These cover macroeconomics, particularly the theory of the relationship between unemployment and inflation and the dilemma their connection poses for policy; consumption function, which is also related to macroeconomic theory and to the theory of individual behavior; consumer theory and statistical method applied to the problem of rationing; and the development and application of econometric methods suitable for the empirical analysis of consumer behavior.James Tobin received the Nobel Prize in 1981 and is Sterling Professor of Economics at Yale. Essays in Economics, Volume 1: Macroeconomics and Volume 3: Theory and Policy are both available from The MIT Press.
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James Tobin, who received the Nobel prize in economics in 1981, is Sterling Professor of Economics at Yale.From Library Journal:
This volume contains over 40 essays by a Yale Nobel Prize winner in economics. As an unrepentant Keynesian, Tobin is critical of Reaganomics and supportive of active government intervention in the economy. Although Tobin's writing is occasionally repetitive and dated, events have proved him right more often than not. The essayson fiscal policy; monetary policy; inflation, unemployment, income; and political economyare designed to appeal to the well-informed reader and generally do. Recommended for college and large public libraries. Richard C. Schiming, Mankato State Univ., Minn.
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