Tobin, James, 1918-2002

James Tobin, Nobel laureate and long-time professor of economics at Yale University, was born in Champaign, Illinois, in 1918. In 1939, he graduated from Harvard University, where he also obtained his master's degree in 1940 and his Ph.D. in 1947. He worked in the Office of Price Administration and on the Civilian Supply and War Production Board before enlisting in the navy in 1941 and serving as an officer aboard the USS Kearney. Tobin began his career at Yale in 1950 as an associate professor, and went on to become the Sterling Professor of Economics. In 1961, he was asked to serve on the Council of Economic Advisors to President John F. Kennedy. His highly regarded work as a Keynesian macro economist, particularly the development of his "portfolio selection theory," earned him the Nobel Memorial Prize in Economic Science in 1981. Tobin married Elizabeth Fay Ringo in 1946; they had four children: Margaret, Louis, Hugh, and Roger. Tobin died on March 11, 2002, in New Haven.

From the description of James Tobin papers, 1930-2002 (inclusive). (Unknown). WorldCat record id: 702162421

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