Yale Bulletin and Calendar

April 19, 2002

Volume 30, Number 26

Memorial service for James Tobin

There will be a memorial service on Saturday, April 27, for Nobel Prize-winning economist James Tobin, who died on March 11 at the age of 84.

The service will take place at 2 p.m. in Battell Chapel, corner of Elm and College streets. A reception will follow at the President's House, 43 Hillhouse Ave.; in the event of inclement weather, the reception will be held in the Beinecke Rare Book and Manuscript Library, corner of Wall and High streets.

Considered one of the most influential economists of his time, James Tobin was Sterling Professor Emeritus of Economics at Yale, where he served on the faculty for over 50 years.

Professor Tobin focused his research on how economic policies affect people's lives, a philosophy that earned him a place on the President's Council of Economic Advisers during the Kennedy administration.

He was awarded the Nobel Prize in the economic sciences in 1981 for his "creative and extensive work on the analysis of financial markets and their relations to expenditure decisions, employment, production and prices."

A strong advocate of free trade, Tobin in recent years spoke out strongly against the adoption of the so-called "Tobin tax," his proposal for a foreign currency exchange aimed at stabilizing exchange rates and reducing global financial speculation, by the anti-globalization movement.

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Memorial service for James Tobin

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Campus Notes