James Tobin and Growth Theory

Although Tobin 1955 was one of the founding papers of the neoclassical one-sector growth model with smooth substitution between capital and labor, James Tobin's contributions to long-run growth theory throughout his career stood apart from other neoclassical growth models because of his emphasis on portfolio substitution between money and capital as a possible source of the non-neutrality of money even in the long run. This paper examines Tobin's contributions to growth theory over more than four decades and the relationship of his work to the evolution of modern growth economics

Capital (architecture · Capital accumulation · Economics · Financial economics · Growth theory · Keynesian economics · Macroeconomics · Modern portfolio theory · Monetary economics · Neoclassical economics · Neutrality · Portfolio · Substitution (logic · Tobin's q · Work (physics · Economic Growth and Productivity · Economic theories and models · Economic Theory and Policy · Law

• Essays in the Theory of Economic Growth

  Open Access•Joan Robinson•Essays in the Theory of Economic…•1962

  Incluir item

• Chapter 8 Growth Econometrics

  Steven N Durlauf, Paul A Johnson et al.•Handbook of Economic Growth•2005

  Incluir item

• What have we learned from a decade of empirical research on growth? Growth Empirics and Reality

  William A Brock•The World Bank Economic Review•2001

  Incluir item

• The General Theory of Employment, Interest and Money.

  Joseph A Schumpeter, John Maynard Keynes•Journal of the American…•1936

  Incluir item

• Money and Economic Growth

  James Tobin•Econometrica•1965

  Incluir item

• Applying Growth Theory across Countries

  Robert M Solow•2001

  Incluir item

• Economie et Interet

  J Ullmo, Maurice Allais•Econometrica•1952

  Incluir item

• An Essay in Dynamic Theory

  Roy Harrod•Economic Essays•1972

  Incluir item

• Technical Change and the Aggregate Production Function

  Robert M Solow•The Review of Economics and…•1957

  Incluir item

• Alternative Theories of Distribution

  Nicholas Kaldor•The Review of Economic Studies•1955

  Incluir item

• The Welfare Cost of Permanent Inflation and Optimal Short-Run Economic Policy

  Martin S Feldstein, Martin Feldstein•Journal of Political Economy•1979

  Incluir item

• Notes on Optimal Monetary Growth

  James Tobin•Journal of Political Economy•1968

  Incluir item

• A Dynamic Aggregative Model

  James Tobin•Journal of Political Economy•1955

  Incluir item

• Inflation and Real Interest

  Robert Mundell, Robert A Mundell•Journal of Political Economy•1963

  Incluir item

• Economic Growth and Capital Accumulation

  Open Access•Thomas W Swan•Economic Record•1956

  Incluir item

• Capital Expansion, Rate of Growth, and Employment

  Evsey D Domar•Econometrica•1946

  Incluir item

• World Finance and Economic Stability

  Richard N Cooper, James Tobin•Foreign Affairs•2003

  Incluir item

• Money and Capacity Growth

  Paul Davidson, Judith Stein et al.•Economica•1973

  Incluir item

• Essays in Monetary Economics

  R F Harrod, Harry G Johnson•Economica•1968

  Incluir item

• James Tobin

  Willem H Buiter, Willem Buiter•The Economic Journal•2003

  Incluir item

• Are Any Growth Theories Robust

  Open Access•Steven N Durlauf, Andros Kourtellos et al.•The Economic Journal•2008

  Incluir item

• The Theory of Economic Growth

  Frank Hahn, F H Hahn et al.•The Economic Journal•1964

  Incluir item

• Monetary and Fiscal Policy in a Growing Economy

  Michael Parkin, Duncan K Foley et al.•The Economic Journal•1973

  Incluir item

• An Essay in Dynamic Theory

  R F Harrod•The Economic Journal•1939

  Incluir item

• A Contribution to the Theory of Economic Growth

  Robert M Solow•The Quarterly Journal of Economics•1956

  Incluir item

• James Tobin and the Transformation of the IS-LM Model

  Robert W Dimand•History of Political Economy•2004

  Incluir item