image credit: Unsplash

Who Is James Tobin? What Is the Tobin Tax?

May 16, 2022

James Tobin was a Neo-Keynesian economist who received the 1981 Nobel Prize in economics for his research on the financial system and its impact on inflation and employment.

He is known for pioneering the Tobin Tax, a levy on foreign exchange transactions to reduce currency speculation.

Tobin is the author of several books including Essays in Economics and Money, Credit and Capital. James Tobin died on March 11, 2002.

Early Life and Education

James Tobin was born on March 5, 1918, in Champaign, Ilinois. He earned both a bachelor’s and master’s degree from Harvard University.

Read More on Investopedia