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...

This book creates a common framework for not only identifying but discussing the key factors in establishing a strong global market and financial system and is a valuable reference for those interested in an in-depth understanding of the financial markets and global finance.