American economist, Nobel Prize laureate (born 1918)

James Tobin

James Tobin was an American economist who served on the Council of Economic Advisers and consulted with the Board of Governors of the Federal Reserve System, and taught at Yale University. He contributed to the development of key ideas in the Keynesian economics of his generation and advocated government intervention in particular 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 dependent variables, the well-known tobit model.

Born

1918

March 5

Died

2002

Era

1910s

Country

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About

James, in brief

Source: Wikipedia · CC BY-SA 4.0

Life timeline

Key dates

1918 Born
2002 Died

Also on March 5

What else happened on this day, through history

363 Roman emperor Julian leaves Antioch with an army of 90,000 to attack the Sasanian Empire, in a campaign which would bring about his own death.
1046 Nasir Khusraw begins the seven-year Middle Eastern journey which he will later describe in his book Safarnama.
1279 The Livonian Order is defeated in the Battle of Aizkraukle by the Grand Duchy of Lithuania.
1496 King Henry VII of England issues letters patent to John Cabot and his sons, authorising them to explore unknown lands.

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The world in 1918

When James arrived

april 1 The Royal Air Force is created by the merger of the Royal Flying Corps and the Royal Naval Air Service.
april 20 World War I: Manfred von Richthofen, a.k.a. The Red Baron, shoots down his 79th and 80th victims, his final victories before his death the following day.
april 21 World War I: German fighter ace Manfred von Richthofen, better known as "The Red Baron", is shot down and killed over Vaux-sur-Somme in France.
april 23 World War I: The British Royal Navy makes a raid in an attempt to neutralise the Belgian port of Bruges-Zeebrugge.

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Same-day contemporaries

Also born on March 5

Canaan Banana 1936–2003 Zimbabwean minister and politician, 1st President of Zimbabwe (died 2003) David II of Scotland (died 1371) 1324– Dean Stockwell 1936–2021 American actor (died 2021) Dora Marsden 1882–1960 English author and activist (born 1882) Edward Cornwallis 1713–1776 English general and politician, Governor of Gibraltar (born 1713) Emmanuel Mudiay 1996– Congolese-American basketball player Gordon Bajnai 1968– Hungarian businessman and politician, 7th Prime Minister of Hungary Heitor Villa-Lobos 1887–1959 Brazilian guitarist and composer (died 1959) J. Hillis Miller 1928– American academic and critic (died 2021)

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Same-year contemporaries

Also born in 1918

Abdul Haris Nasution 1918–2000 Indonesian general and politician, 12th Indonesian Minister of Defence (died 2000) Arthur Jackson 1918– American lieutenant and target shooter (died 2015) Arthur Kornberg 1918–2007 American biochemist and academic, Nobel Prize laureate (died 2007) B. K. S. Iyengar 1918–2014 Indian yoga instructor and author, founded Iyengar Yoga (born 1918) Brenda Milner 1918– English-Canadian neuropsychologist and academic Chaim Herzog 1918–1997 Israeli general, lawyer, and politician, 6th President of Israel (born 1918) Dave Bartholomew 1918– American bandleader, composer and arranger (died 2019) George Allen 1918–1990 American football player and coach (died 1990) Guy Gibson 1918–1944 Anglo-Indian commander and pilot, Victoria Cross recipient (died 1944)

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James's birthday March 5 James's zodiac Pisces When James arrived 1918