James Tobin

Economist

1918-03-05

Quotes by James Tobin

• Most important, I have learned from my colleagues and students.

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• I studied economics and made it my career for two reasons. The subject was and is intellectually fascinating and challenging, particularly to someone with taste and talent for theoretical reasoning and quantitative analysis.

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• At the time, my personal research objectives were to provide Keynesian economics with more rigorous foundations and to tighten and elaborate the logic of macroeconomic and monetary theory.

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• The miserable failures of capitalist economies in the Great Depression were root causes of worldwide social and political disasters.

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• The butter to be sacrificed because of the war always turns out to be the margarine of the poor.

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