James Tobin
James Tobin was an influential American economist, best known for his work on portfolio theory and for proposing the 'Tobin tax,' a concept for taxing currency transactions to stabilize capital flows. His ideas have had a lasting impact on economic policy and discussions surrounding financial regulation.
Born on Mar 05, 1918 (107 years old)
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Kenya:
James Tobin won the Nobel Prize in Economics in 1981 for his research.
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Canada:
James Tobin posited a 'Tobin tax' on currency transactions to tame capital flows almost 50 years ago.
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