23,197 research outputs found

    James Tobin : an appreciation of his contribution to economics.

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    Jim Tobin, who died on March 11, 2002 at the age of 84, was one of giants of economics of the second half of the twentieth century and the greatest macroeconomist of his generation. Tobin’s influence on macroeconomic theory is so pervasive - so much part of our professional ‘acquis’ - that many younger economists often are not even aware that it is his ideas they are elaborating, testing, criticising, refuting or re-inventing. In this Appreciation, I consider Tobin’s scholarly contributions, made over a period of more than 50 years. Tobin received the 1981 Nobel Memorial Prize “for his analysis of financial markets and their relations to expenditure decisions, employment, production and prices”. I consider his contributions to mean-variance portfolio demand and asset pricing theory, especially the Portfolio Separation Theorem; pitfalls in financial model building; portfolio balance and flow of funds models and the ‘credit channel’; the life-cycle model and social security; econometric methodology, including the Tobit estimator and his pioneering work using both time series and cross-sectional data to estimate food demand functions; economic growth; Tobin’s q; the ‘Tobin Tax’ ; the monetary and fiscal policy effectiveness debate, first with Milton Friedman and then with the New Classical Macroeconomics and Real Business Cycle schools; and Tobin’s approach to methodological questions including microfoundations and aggregation.

    James Tobin: An Appreciation of his Contribution to Economics

    No full text
    Jim Tobin, who died on March 11, 2002 at the age of 84, was one of giants of economics of the second half of the twentieth century and the greatest macroeconomist of his generation. Tobin's influence on macroeconomic theory is so pervasive - so much part of our professional 'acquis' - that many younger economists often are not even aware that it is his ideas they are elaborating, testing, criticising, refuting or re-inventing. In this Appreciation, I consider Tobin's scholarly contributions, made over a period of more than 50 years. Tobin received the 1981 Nobel Memorial Prize for his analysis of financial markets and their relations to expenditure decisions, employment, production and prices'. I consider his contributions to mean-variance portfolio demand and asset pricing theory, especially the Portfolio Separation Theorem; pitfalls in financial model building; portfolio balance and flow of funds models and the 'credit channel'; the life-cycle model and social security; econometric methodology, including the Tobit estimator and his pioneering work using both time series and cross-sectional data to estimate food demand functions; economic growth; Tobin's the 'Tobin Tax'; the monetary and fiscal policy effectiveness debate, first with Milton Friedman and then with the New Classical Macroeconomics and Real Business Cycle schools; and Tobin's approach to methodological questions including microfoundations and aggregation

    U.S. President Franklin D. Roosevelt speaks to the International Brotherhood of Teamsters in Washington, D.C

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    President Franklin Delano Roosevelt opens the campaign for his fourth term with a speech in Washington, D.C., delivered to the International Brotherhood of Teamsters. He attacks the Republican party for its non-progressive attitude, rebuffs attacks made by Republicans that he sent a U.S. Destroyer to retrieve his dog, Fala, after leaving him on the Aleutian Islands. Introduction by Daniel J. Tobin, president of the International Brotherhood of Teamsters

    Contro la "tirannia dei mercati finanziari": la Tobin tax e il controllo dei movimenti di capitale

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    Nelle intenzioni del suo ideatore, i propositi principali di una Tobin tax dovrebbero consistere nella disincentivazione delle transazioni valutarie a breve termine e nell'accrescere i margini di manovra della politica monetaria. Per Tobin era invece da ritenersi secondario l'obiettivo di trarre gettito dalle transazioni realizzate. In ciò verte lo iato tra la proposta originaria del premio Nobel e la sua traduzione in ambito politico

    Report on Meteorological Research March 1, 1935 (m-1)

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    The object of the report was to elucidate in detail the various features of the research program in meteorology being carried on at the Daniel Guggenheim Airship Institute in Akron, Ohio. Mr. L. J. Fangman, of the U.S. Weather Bureau, was collaborating with the author in carrying out work such as a study of autographic records of the various meteorological elements during frontal passages with a view to the possible prediction of the intensity of the accompanying disturbance as it may affect the operation of aircraft and a study of atmospheric gustiness with a view to finding the dependence between frequency end amplitude of velocity fluctuations and the vertical temperature and velocity gradients

    (Fourth) Report on Meteorological Activities at the DGAI (8-1-36)(Weather Bureau Copy)

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    This report is on the investigations of frontal phenomena at the Daniel Guggenheim Airship Institute in Akron, Ohio from January 1, 1935 through August 1, 1936. The investigation was carried out with the cooperation of the U.S. Bureau of Aeronautics, the U.S. Weather Bureau, the California Institute of Technology, and the Guggenheim Airship Institute. Mr. R.C. Robinson of the Weather Bureau cooperated with the author in carrying out the investigation. The object of the investigation was to determine the intensity of the atmospheric disturbances (i.e. rapidity of wind shift and gustiness) accompanying the passage of cold fronts, along with a study of the characteristics of the air masses involved and other features which might affect the intensity of the disturbance. The report treated thirty cold fronts which passed the station during 1935 to 1936

    Letter from Robert H. Tompkins to Louise Tobin, 1998-11-28

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    A typewritten letter from Robert H. Tompkins to Louise Tobin. In this letter, Tompkins discusses Wynne Miller and the upcoming Daniel D. Tompkins Gala.https://lair.etamu.edu/scua-tobin-docs/1041/thumbnail.jp

    Translation technique and textual studies in the Old Greek and Theodotion versions of Daniel.

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    This thesis focuses on two separate, but related areas: the analysis of translation technique and the Greek texts of Daniel. Foremost in the research of Translation Technique (TT) in the Septuagint is the need for a model that is appropriate for the analysis of different ancient languages. In recent years there has been an increasing emphasis on the features of literalism in a translation, but it is argued in this thesis that the focus on literalism is inadequate as a methodology for the analysis of TT. The contention of this thesis is that the analysis of TT should incorporate insights from modem linguistic research. Therefore, the main purpose of this thesis is to develop and apply such a model to the Old Greek (CG) and Theodotion (Th)versions of Daniel. The existence of two complete Greek versions of the book of Daniel that are closely related to the same Vorlage (at least in chapters 1-3 and 7-12), furnish ideal examples for the application of the methodology. Unfortunately, it is no straightforward matter to employ the OG of Daniel, because the available critical edition can no longer be regarded as reliable. The most important witness to the OG version of Daniel is Papyrus 967, and large portions of this manuscript have been published since the appearance of the critical edition of the OG of Daniel in 1954. Therefore, in order to analyze and compare the two Greek texts of Daniel, it is necessary to evaluate all of the variants of Papyrus 967 in order to establish a preliminary critical text of OG. Once a critical text is established the proposed methodology for translation technique is applied to selected passages in the OG and Th versions of Daniel. An analysis and comparison of TT in OG and Th makes it possible to: 1) characterize the TT employed by OG and Th in detail; 2) determine Th's relationship to OG, i.e. is it a revision or independent translation; 3) demonstrate how the Greek texts can be employed effectively for textual criticism of the Hebrew Bible. On the basis of the analysis of Th's text it is also possible to determine Th's relationship to the body of works, which exhibit a close formal correspondence to the Masoretic text, known as Kaige-Theodotion
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