James Tobin was America's most distinguished Keynesian economist, whose path-breaking theoretical work has demonstrated that Keynes's original theories can be adapted to deal with modern macroeconomic problems. This significant volume presents a selection of those papers which in Professor Tobin's opinion have made a significant contribution to the developments of Keynesian economics in the twentieth century.

Nobel Prize winner James Tobin has made outstanding contributions to modern macroeconomics. In this final collection of his work he examines the economic policies of the United States and its relations with other major economies after 1990. In James Tobin's view, the welfare of populations depends uniquely on these policies and it is important to be aware of their impact.This book brings together James Tobin's recent work, both published and unpublished, on finance and globalization, currency crises and bailouts. Emphasis is placed on international economic relations and policies, and on the IMF and World Bank. In particular, economic and monetary relations among nations, exchange rate problems and policies and the 'Tobin Tax' - popular in Europe but much misunderstood - are discussed. Professor Tobin also examines the impact of his earlier work on recent US fiscal policy. The Clinton administration followed a tight fiscal policy leading to budget surpluses, and this enabled Alan Greenspan at the Federal Reserve to follow an 'easy', low interest rate, monetary policy. This mix was advocated back in the 1950s and 1960s by Paul Samuelson and James Tobin. The memo Professor Tobin wrote for the J.F. Kennedy campaign of 1960 is published for the first time. The policy was not applied until 30-35 years later. Presenting a framework for understanding monetary and fiscal policies and how they determine full employment and growth, the book will prove invaluable to students and scholars of macroeconomics, as well as economists wishing to gain an insight into Professor Tobin's unique contribution to economics.

WINNER OF A NATIONAL BOOK CRITICS CIRCLE AWARD

Ernie Pyle, better than any other World War II journalist, conveyed the triumphs and tribulations of the common soldier trying to survive a brutal conflict. From North Africa and Normandy, Anzio and Okinawa -- where he died -- Pyle brought the war home to America. James Tobin's "superbly documented and compassionate account" ("Publishers Weekly") is a classic biography of an American icon.

This 14-volume edition contains the key works and commentary by leading Fisher scholars, allowing modern readers access to the major issues in Fisherian economic thought.

This 14-volume edition contains the key works and commentary by leading Fisher scholars, allowing modern readers access to the major issues in Fisherian economic thought.

This 14-volume edition contains the key works and commentary by leading Fisher scholars, allowing modern readers access to the major issues in Fisherian economic thought.

This 14-volume edition contains the key works and commentary by leading Fisher scholars, allowing modern readers access to the major issues in Fisherian economic thought.

This 14-volume edition contains the key works and commentary by leading Fisher scholars, allowing modern readers access to the major issues in Fisherian economic thought.

This 14-volume edition contains the key works and commentary by leading Fisher scholars, allowing modern readers access to the major issues in Fisherian economic thought.

This 14-volume edition contains the key works and commentary by leading Fisher scholars, allowing modern readers access to the major issues in Fisherian economic thought.

This 14-volume edition contains the key works and commentary by leading Fisher scholars, allowing modern readers access to the major issues in Fisherian economic thought.

This 14-volume edition contains the key works and commentary by leading Fisher scholars, allowing modern readers access to the major issues in Fisherian economic thought.

This 14-volume edition contains the key works and commentary by leading Fisher scholars, allowing modern readers access to the major issues in Fisherian economic thought.

This 14-volume edition contains the key works and commentary by leading Fisher scholars, allowing modern readers access to the major issues in Fisherian economic thought.

This 14-volume edition contains the key works and commentary by leading Fisher scholars, allowing modern readers access to the major issues in Fisherian economic thought.

This 14-volume edition contains the key works and commentary by leading Fisher scholars, allowing modern readers access to the major issues in Fisherian economic thought.

This 14-volume edition contains the key works and commentary by leading Fisher scholars, allowing modern readers access to the major issues in Fisherian economic thought.

Full Employment and Growth presents James Tobin's unique modern Keynesian slant on the major monetary, fiscal and international policy issues of the 1990s.More than twenty recent essays collected together in this volume address the major contemporary issues of macroeconomic policy, especially in America. Usually dissenting from the orthodoxies of the day, both liberal and conservative, Professor Tobin offers a common sense, unhysterical view of public deficits and debt, speaks for pragmatic monetary policies, argues against protectionism and favours slowing down the speculative movement of funds between currencies. The author also presents his own suggestions for reform of social security and health care. Again and again, Professor Tobin warns against blind faith that the markets will always produce optimal results. All those interested in the application of economic analysis and argument to the salient policy issues of our time will find these essays eminently readable and will appreciate the clear ways in which the power of economic analysis is explained and used.

James Tobin, award-winning author of "Ernie Pyle's War" and "The Man He Became," has penned the definitive account of the inspiring and impassioned race between the Wright brothers and their primary rival Samuel Langley across ten years and two continents to conquer the air.
For years, Wilbur Wright and his younger brother, Orville, experimented in obscurity, supported only by their exceptional family. Meanwhile, the world watched as Samuel Langley, armed with a contract from the US War Department and all the resources of the Smithsonian Institution, sought to create the first manned flying machine. But while Langley saw flight as a problem of power, the Wrights saw a problem of balance. Thus their machines took two very different paths--Langley's toward oblivion, the Wrights' toward the heavens--though not before facing countless other obstacles. With a historian's accuracy and a novelist's eye, Tobin has captured an extraordinary moment in history. "To Conquer the Air" is itself a heroic achievement.

In this work James Tobin discusses two major issues of macroeconomics: the strength of automatic market forces in maintaining full employment equilibrium and the efficacy of government fiscal and monetary policies in stabilizing the economy.

In Sing to the Colors, award-winning author James Tobin considers ideas of place, tradition, legacy, and pride while investigating two centuries of history at his alma mater, the University of Michigan. The book's 24 essays capture a series of moments-some well-known and celebrated, others inconspicuous or even troubling-that have contributed to the ongoing evolution of the University. Readers travel back to bitter battles fought over the vision for the University in its early years and learn how the Diag and other campus landmarks came to be. Other chapters consider milestones on the University's continuing journey toward greater inclusivity such as the 1970 Black Action Movement strike and the enrollment of Michigan's first female students in the 1870s. Still others illuminate the complex relationship between the University and the city of Ann Arbor, revisiting former mainstays like the Pretzel Bell and Drake's Sandwich Shop. Alongside these stories, Tobin grapples with his own understanding of and connection to Michigan's history, which-whatever its imperfections and errors-has shaped the lives of thousands of alumni around the world. This is a book for readers who not only cherish the University of Michigan but who also want to better understand the long work of the many generations who envisioned and built and sustained the place.

From the 1920s to the 1950s, neoclassicism was one of the dominant movements in American music. Today this music is largely in eclipse, mostly absent in performance and even from accounts of music history, in spite of-and initially because of-its adherence to an expanded tonality. No previous book has focused on the nature and scope of this musical tradition. Neoclassicism in American Music: Voices of Clarity and Restraint makes clear what neoclassicism was, how it emerged in America, and what happened to it. Music reviewer and scholar, R. James Tobin argues that efforts to define musical neoclassicism as a style largely fail because of the stylistic diversity of the music that fall within its scope. However, neoclassicists as different from one another as the influential Igor Stravinsky and Paul Hindemith did have a classical aesthetic in common, the basic characteristics of which extend to other neoclassicists This study focuses, in particular, on a group of interrelated neoclassical American composers who came to full maturity in the 1940s.These included Harvard professor Walter Piston, who had studied in France in the 1920s; Harold Shapero, the most traditional of the group; Irving Fine and Arthur Berger, his colleagues at Brandeis; Lukas Foss, later an experimentalist composer whose origins lay in neoclassicism of the 1940s; Alexei Haieff, and Ingolf Dahl, both close associates of Stravinsky; and others. Tobin surveys the careers of these figures, drawing especially on early reviews of performances before offering his own critical assessment of individual works. Adventurous collectors of recordings, performing musicians, concert and broadcasting programmers, as well as music and cultural historians and those interested in musical aesthetics, will find much of interest here. Dates of composition, approximate duration of individual works, and discographies add to the work's reference value.

Challenging such established ideas as the inevitability of the business cycle and the taboo on deficit spending, the group of economists associated with the Kennedy Council of Economic Advisers attempted in the 1960s to convert their theories into government policy. The successes, failures, elations. and frustrations of what came to be called the New Economics is the subject of James Tobin's fascinating account, based on the Janeway Lectures given at Princeton in 1972. In making his assessment of the New Economics, Professor Tobin draws on his close involvement in policymaking during the Kennedy years. Originally published in 1974. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.