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Why did James Tobin win The Prize in Economic Sciences in 1981?
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1981 was awarded to James Tobin for his analysis of financial markets and their relations to expenditure decisions, employment, production and prices.
Who were 10 economists and what were their contributions?
1. Fan Li is recognized in most circles as the earliest economist. He worked during the Chinese Spring and Autumn Period and used the concept of buying low and selling high in the feudal agrarian society of Ancient China.2. Richard Cantillon lived in the 18th century and wrote Essai Sur la Nature du Commerce en Général, making him one of the first economic writers.3. David Hume a Scottish historian and philosopher, was also an early founder of economic concepts and is considered to be one of the "classical economists"4. John Stuart Mill a British political economist and philosopher, John Stuart Mill was a recognized contributor to political economy, social theory, and political theory.5. Carl Menger is the founder of the Austrian School of Economics and was selected to lead a commission to change the Austrian monetary system.6. John Maynard Keynes, a British economist, was the creator of Keynesian economics. He was also the founder of modern theoretical macroeconomics.7. James Tobin, An American economist and Nobel Prize Laureate, James Tobin served on the Council of Economic Advisors and the Board of Governors of the Federal Reserve System.8. Paul Krugman is a 2008 Nobel Memorial Prize in Economic Sciences winner and a supporter of modern liberal policies.9. Fengbo Zhang, Dr. Zhang is a leading Chinese economist who introduced Western Economics to China, also the founder of China GDP and Macroeconomic Research.10. Ludwig von Mises was a social philosopher who created a conclusive science of economics founded on the idea that individual human beings act on purpose in order to achieve goals.Source: Wikipedia http://www.paidemployment.co.uk/Articles/AID00110.aspx
Why did James Tobin win The Prize in Economic Sciences in 1981?
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1981 was awarded to James Tobin for his analysis of financial markets and their relations to expenditure decisions, employment, production and prices.
What is the Tobin system?
The Tobin system, often referred to in the context of the Tobin tax, is a proposed financial transaction tax aimed at reducing speculation in currency markets. It was introduced by economist James Tobin in the 1970s as a way to stabilize exchange rates and discourage destabilizing short-term capital movements. The concept involves taxing transactions on foreign exchange to promote long-term investment over speculative trading, thereby potentially fostering greater economic stability. While the Tobin tax has been discussed extensively, it has not been widely implemented.
What is BAT in financial modelling?
Baumol-Allais-Tobin (BAT) Model - classic means of analysing the cash management problem
What is the birth name of Tobin Rote?
Tobin Rote's birth name is Tobin Cornelius Rote.
What is the birth name of Elayne Tobin?
Elayne Tobin's birth name is Elayne Louise Tobin.
What is the birth name of Randy Tobin?
Randy Tobin's birth name is Randy Brent Tobin.
What is the birth name of Vince Tobin?
Vince Tobin's birth name is Vincent Michael Tobin.
What is the birth name of Tobin Bell?
Tobin Bell's birth name is Joseph H. Tobin Jr..
When was Jason Tobin born?
Jason Tobin was born in Hong Kong.
How tall is Tobin Saunders?
Tobin Saunders is 6' 4".
How tall is Tobin Rote?
Tobin Rote is 6' 3".
How tall is Jason Tobin?
Jason Tobin is 5' 10".
