Professor James Tobin, who died on 11 March 2002, was possibly the most eminent of the world’s ‘Keynesian’ economists. Described by Nobel Laureate Paul Samuelson as “the archetype of a late-twentieth century American scholarâ€, Tobin was without doubt one of the most...

Milton Friedman is best known as the founding father and leading exponent of the monetarist school of macroeconomic thought, and for championing the case for the efficacy of free markets in a wide variety of contexts. Without doubt, Friedman’s ideas have influenced the research agenda of...

In October 2003 the latest recipients of the Nobel Memorial Prize in Economics were announced. Since its inception in 1969, 53 economists have been awarded the Prize. A closer look at the biographical details of the Nobel Memorial Laureates—including their broad field of study,...