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Tobin, James

Born: 1918 AD
Died: 2002 AD
Nationality: American
Categories: Businessmen, Economist

1918 – James Tobin, born on the 5th of March in Champaign, Illinois. He was an American economist.

1935 – He sited through the entrance exams for Harvard University.

1939 – Graduated summa cum laude with a thesis centered on a critical analysis of Keynes’ mechanism for introducing equilibrium "involuntary" unemployment.

       – Received his BA, in Harvard University.

1941 – He interrupted graduate studies to work for the Office of Price Administration and Civilian Supply and the War Production Board in Washington, D.C.

1946 – Married on the 14th of September with Elizabeth Fay Ringo, a former M.I.T. student of Paul Samuelson.

1947 – At the end of the war he returned to Harvard and resumed studies, receiving his Ph.D.

       – Was elected a Junior Fellow of Harvard’s Society of Fellows, which allowed him the freedom and funding to spend the next three years studying and doing research.

1950 – Moved to Yale University, where he remained for the rest of his career.

1955 – He joined the Cowles Foundation, which moved to Yale.

       – Awarded the John Bates Clark Medal.

1957 – He was appointed Sterling Professor at Yale.

1961 – 1962 – Served as a member of John F. Kennedy’s Council of Economic Advisors, under the chairman Walter Heller.

1971 – He was a fellow of several professional associations, holding the position of president of the American Economic Association.

1981 – Received the Nobel Memorial Prize in Economics.

1988 – Formally retired from Yale, but continued to deliver some lectures as Professor Emeritus and continued to write.

2002 – Died on the 11th of March in New Haven, Connecticut.