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To Improve the World: Limiting the Domain of Inequality

In: James Tobin

Author

Listed:
  • Robert W. Dimand

    (Brock University)

Abstract

James Tobin is best known as an “Old Keynesian” macroeconomist and monetary economist, as was emphasized in the 1981 Royal Bank of Sweden Nobel Prize citation. His keen devotion to the reduction of poverty, inequality, and discrimination is less well known. This commitment extended beyond academic research: at the Tobin memorial at Yale in April 2002, political scientist Robert Dahl recalled how he and Tobin had spent the “Freedom Summer” of 1964 in Mississippi, hoping that the presence of two Yale professors would afford some protection to the student volunteers in the civil rights movement (see Dahl and Tobin 1993). Tobin was acutely aware of living in the country’s richest state and in one of its ten poorest cities (see Tobin 1996a, 252, comparing incomes in New Haven and the rest of its county), a concern that also led him to chair New Haven’s City Plan Commission from 1967 to 1970.

Suggested Citation

  • Robert W. Dimand, 2014. "To Improve the World: Limiting the Domain of Inequality," Great Thinkers in Economics, in: James Tobin, chapter 7, pages 106-112, Palgrave Macmillan.
    • Handle: RePEc:pal:gtechp:978-1-137-43195-0_8
    DOI: 10.1057/9781137431950_8
    as

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