James Tobin

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James Tobin and Growth Theory: Financial Factors and Long-Run Growth

James Tobin, while universally acknowledged as one of the leading macroeconomists of the twentieth century, is less well remembered as a growth economist, despite his continuing interest in growth throughout his career. His early work placed him near the origins of modern growth economics. Robert Solow (2004, 657) recalls that Tobin “published ‘A Dynamic Aggregative Model’ at just the time when...

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Electronic Structure: Metals, Half Metals, Insulators James Tobin, Chairman Applications of the NRL tight-binding method to magnetic systems

The NRL developed tight-binding method has been very successful in describing the properties of nonmagnetic elemental metals and semiconductors with accuracy comparable to first-principles methods. In this article we discuss extensions of the method to magnetic systems. We first show that the method correctly predicts equilibrium ground state structures, elastic constants, and phonon frequencie...

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Lucas meets Baumol and Tobin

Many issues that were traditionally analyzed using the Baumol-Tobin model can also be analyzed, perhaps more easily, using the Lucas (1980) cash-in-advance model where money serves both as a medium of exchange and as a store of value. This is illustrated by three examples (implications) of the Lucas model: (i) the velocity of money is time varying, volatile, and in‡ation-dependent; (ii) transit...

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ژورنال

عنوان ژورنال: İktisat İşletme ve Finans

سال: 2002

ISSN: 1308-4658,1300-610X

DOI: 10.3848/iif.2002.193.7544