James Tobin

James Tobin, 1981 Nobel laureate in economics, was the outstanding monetary economist among American Keynesian economists. This book, the first written about James Tobin, examines his leading role as a Keynesian macroeconomist and monetary economist, and

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J amesTobi n Rober tW.Di mand

Great Thinkers in Economics Series

Great Thinkers in Economics is designed to illuminate the economics of some of the great historical and contemporary economists by exploring the interactions between their lives and work, and the events surrounding them. The books are brief and written in a style that makes them not only of interest to professional economists, but also intelligible for students of economics and the interested layperson. Forthcoming titles: David Reisman JAMES BUCHANAN David Cowan FRANK H. KNIGHT Peter Boettke F.A. HAYEK Titles include: Robert Scott KENNETH BOULDING Robert W. Dimand JAMES TOBIN Peter E. Earl and Bruce Littleboy G.L.S. SHACKLE Barbara Ingham and Paul Mosley SIR ARTHUR LEWIS John E. King DAVID RICARDO Esben Sloth Anderson JOSEPH A. SCHUMPETER James Ronald Stanfield and Jacqueline Bloom Stanfield JOHN KENNETH GALBRAITH Gavin Kennedy ADAM SMITH Julio Lopez and Michaël Assous MICHAL KALECKI G.C. Harcourt and Prue Kerr JOAN ROBINSON Alessandro Roncaglia PIERO SRAFFA

10.1057/9781137431950 - James Tobin, Robert Dimand

Copyright material from www.palgraveconnect.com - licensed to RMIT University Library - PalgraveConnect - 2015-08-16

Series Editor: A.P. Thirlwall is Professor of Applied Economics, University of Kent, UK.

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Gordon Fletcher DENNIS ROBERTSON Michael Szenberg and Lall Ramrattan FRANCO MODIGLIANI William J. Barber GUNNAR MYRDAL Peter D. Groenewegen ALFRED MARSHALL

Great Thinkers in Economics Series Standing Order ISBN 978–14039–8555–2 (Hardback) 978–14039–8556–9 (Paperback) (Outside North America only) You can receive future titles in this series as they are published by placing a standing order. Please contact your bookseller or, in case of difficulty, write to us at the address below with your name and address, the title of the series and one of the ISBNs quoted above. Customer Services Department, Macmillan Distribution Ltd, Houndmills, Basingstoke, Hampshire RG21 6XS, England

10.1057/9781137431950 - James Tobin, Robert Dimand

Copyright material from www.palgraveconnect.com - licensed to RMIT University Library - PalgraveConnect - 2015-08-16

John E. King NICHOLAS KALDOR

Copyright material from www.palgraveconnect.com - licensed to RMIT University Library - PalgraveConnect - 2015-08-16

James Tobin

Robert W. Dimand

Brock University, Canada

10.1057/9781137431950 - James Tobin, Robert Dimand

© Robert W. Dimand 2014

No portion of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any license permitting limited copying issued by the Copyright Licensing Agency, Saffron House, 6–10 Kirby Street, London EC1N 8TS. Any person who does any unauthorized act in relation to this publication may be liable to criminal prosecution and civil claims for damages. The author has asserted his right to be identified as the author of this work in accordance with the Copyright,

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