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...

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...