In a period marked by revisionism in economic theory and retrenchment in the public goals of economic policy, Tobin remains committed to the standard he has upheld throughout his professional life. He is an "eclectic Keynesian" in theory whose socioeconomic concern is to reduce poverty, inequality, and discrimination through the maintenance of full employment and economic growth and through such policies as the negative income tax and other income transfers.
These 28 essays, covering Tobin's work in macroeconomics from the early 1940s to 1970 are grouped into three parts - macroeconomic theory, economic growth, and money and finance.
James Tobin is Sterling Professor of Economics at Yale. Essays in Economics: Volume 3, Theory and Policy was published by The MIT Press in 1982. Back in print.
About the Author
James Tobin, who received the Nobel prize in economics in 1981, is Sterling Professor of Economics at Yale.