James Tobin
Military Leader, Economist, and Academic
Congressmen float trades tax...would make it into law. The Democrats' proposal follows discussion in Europe about a so-called Tobin tax, which was named after James Tobin, the Nobel prize-winning economist who in 1971 suggested a tax on currency trades to reduce... In this article: Tax, James Tobin, Gordon Brown, Derivative, International Monetary Fund, Unemployment, and Nobel Prize |
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Telegraph.co.uk - Business | 12 hours ago
Brown risks US wrath by pushing global financial tax
...interested in Canada." Downing Street claims that Mr Brown's plan is not a Tobin Tax - named after the Nobel prize-winning US economist James Tobin who proposed a tax to reduce the volatility of currency exchange rates by stopping...
In this article: Tax, Gordon Brown, US, Nobel Prize, Tim Geithner, Jim Flaherty, Canada, and Downing Street
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Taipei Times | 2 days ago
Central bank should tighten credit, Shea says
...economic development, will cause serious disruption to a nation's financial stability," he said. Although it is too early to call for a "Tobin tax" on speculative funds, Shea said that the monetary regulator should also consider following...
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TIME | 4 days ago
Brown's Tobin Tax Idea to Levy Financial Transactions
Britain's Idea to Tax Financial Transactions By Adam Smith / London Friday, Nov. 13, 2009 Traders could face higher costs under any Tobin tax There's nothing like financial Armageddon for reviving the work of an old economist. Amid the...
In this article: Tax, Gordon Brown, London, Nicolas Sarkozy, Financial crisis, Adam Smith, Britain, Revenue, and Yale
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WSJ.com: Markets | 7 days ago
Russia Weighs Cross-Border 'Tobin' Tax
...of their raw-materials exporters. "We need to develop an effective way of controlling cross-border transactions, something similar to the Tobin tax," said First Deputy Central Bank Chairman Alexei Ulyukayev. Russia would enact such...
In this article: Tax, Russia, Vladimir Putin, South Korea, Taiwan, Moscow, Brazil, and All rights reserved
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UK sends officials to Washington to drum up IMF support for Tobin Tax
The tax was originally proposed in 1971 by Nobel Prize-winning economist James Tobin as a means of reducing speculation in global markets, but Tobin himself later began to doubt his own idea was workable. Oxfam has campaigned for...
In this article: International Monetary Fund, Tax, Washington, Timothy Geithner, Oxfam, and Gordon Brown
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Full print edition | November 12, 2009
Gordon Brown and the Tobin tax: Desperate measures
...James Tobin, the economist who proposed a levy on currency dealings in the 1970s. A disbelieving media did that for him. Unless a Tobin tax were implemented worldwide, trading would move out of any country that enforced it. Some in Europe...
In this article: Tax, Gordon Brown, Revenue, Financial Services Authority, Europe, and Scotland
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Guardian | November 08, 2009
Alistair Darling backs Brown's Tobin tax despite cold shoulder from US
...the worst economic crisis since the 1930s. After Gordon Brown's unexpected weekend backing for consideration of a so-called Tobin tax, Britain now plans to keep up the pressure ahead of an International Monetary Fund report on...
In this article: Tax, Gordon Brown, Alistair Darling, International Monetary Fund, Timothy Geithner, Recession, and US
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The Tobin Tax a brief history
The Tobin Tax - a brief history Published: 12:23AM GMT 08 Nov 2009 1970s - Nobel prize-winning US economist James Tobin proposes a tax to reduce the volatility of currency exchange rates by stopping speculative trading on foreign...
In this article: Tax, Adair Turner, Revenue, Derivative, Financial Services Authority, Nobel Prize, and Gordon Brown
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scotsman.com - Politics | November 07, 2009
Analysis: Transaction tax would cause uproar
...transactions to finance a global stability fund harks back to the ideas of Nobel prize-winning economist James Tobin. Thirty years ago, he proposed a tax on financial transactions to deter short-term currency speculation. ADVERTISEMENT The...
In this article: Tax, UK, Derivative, Nobel Prize, and George Osborne
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Sydney Morning Herald - World | November 07, 2009
Brown plugs financial transactions tax
...among nations leading calls for its introduction. The tax was originally proposed in 1971 by Nobel Prize-winning economist James Tobin as a means of reducing speculation in global markets, but Tobin himself later began to doubt his own...
In this article: Gordon Brown, Tax, Britain, Adair Turner, Europe, Financial Services Authority, Oxfam, and United States
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Description from Wikipedia:
James Tobin (March 5, 1918 –March 11, 2002) was an American economist who in his lifetime, had served on the Council of Economic Advisors, the Board of Governors of the Federal Reserve System, and had taught at Harvard and Yale Universities. He developed the ideas of Keynesian economics, and advocated government intervention to stabilize output and avoid recessions. His academic work included pioneering contributions to the study of investment, monetary and fiscal policy and financial markets. He also proposed an econometric model for censored endogenous variables, the well known "Tobit model". Tobin received the Nobel Memorial Prize in Economic Sciences in 1981.
Outside of academia, Tobin was widely known for his suggestion of a tax on foreign exchange transactions, now known as the "Tobin tax". This was designed to reduce speculation in the international currency markets, which he saw as dangerous and unproductive. He suggested that the proceeds of the tax could be used to fund projects for the benefit of Third World countries, or to support the United Nations.
- Field:
- Macroeconomics
- School/Tradition:
- Keynesian economics
- Influenced By:
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