Fifth Grunberg Lecture - 1992

Professor James Tobin
Yale University
Nobel Prize in Economics, 1981
"The War on Poverty: Have We Lost It?"

Professor Tobin is an internationally known authority in macroeconomics, financial markets, econometrics, and monetary and fiscal policy. He won the Nobel Prize for his pioneering work in portfolio theory, providing an understanding of how people behave when they acquire different assets and incur debt. He was a member of the Council of Economic Advisors under John F. Kennedy and has written extensively on economic policy. Professor Tobin's interest in income distribution policies to diminish poverty led to papers on negative income tax that are now considered classic. He has maintained his concern for policy in this area. 

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