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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together James Tobin's recent work, both published and unpublished,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.
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.
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.
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