Editing James Tobin (section)

===Academic activity and consultancy===
In 1950 Tobin moved to [[Yale University]], where he remained for the rest of his career. He joined the [[Cowles Foundation]], which moved to Yale in 1955, also serving as its president between 1955–1961 and 1964–1965. His main research interest was to provide [[microfoundations]] to [[Keynesian economics]], with a special focus on [[monetary economics]]. One of his frequent collaborators was his Yale colleague [[William Brainard]]. In 1957 Tobin was appointed [[Sterling Professor|Sterling Professor of Economics]] at Yale.<ref name="'YaleObit">{{cite news |url=http://www.yale.edu/opa/arc-ybc/v30.n22/story5.html |title=Nobel Prize-winning economist James Tobin dies at 84 |volume=30 |number=22 |date=15 March 2002 |newspaper=Yale Bulletin & Calendar |publisher=Yale Office of Public Affairs & Communications |access-date=4 March 2015 |url-status=dead |archive-url=https://web.archive.org/web/20150402121725/http://www.yale.edu/opa/arc-ybc/v30.n22/story5.html |archive-date=2 April 2015 }}</ref>

Besides teaching and research, Tobin was also strongly involved in the public life, writing on current economic issues and serving as an economic expert and policy consultant. During 1961–62, he served as a member of [[John F. Kennedy]]'s [[Council of Economic Advisers]], under the chairman [[Walter Heller]], then acted as a consultant between 1962 and 1968. Here, in close collaboration with [[Arthur Okun]], [[Robert Solow]] and [[Kenneth Arrow]], he helped design the Keynesian economic policy implemented by the Kennedy administration. Tobin also served for several terms as a member of the Board of Governors of [[Federal Reserve System]] Academic Consultants and as a consultant of the [[United States Department of the Treasury|US Treasury Department]].<ref name=CV>James Tobin's [http://cowles.econ.yale.edu/faculty/vita/cv_tobin.pdf CV at the Cowles Foundation's website]</ref>

Tobin was awarded the [[John Bates Clark Medal]] in 1955 and, in 1981, the [[Nobel Prize in Economics|Nobel Memorial Prize in Economics]]. He was a fellow of several professional associations, holding the position of president of the [[American Economic Association]] in 1971. He was an elected member of the [[American Academy of Arts and Sciences]], the [[American Philosophical Society]], and the United States [[National Academy of Sciences]].<ref>{{Cite web |title=James Tobin |url=https://www.amacad.org/person/james-tobin |access-date=2022-12-08 |website=American Academy of Arts & Sciences |language=en}}</ref><ref>{{Cite web |title=APS Member History |url=https://search.amphilsoc.org/memhist/search?creator=James+Tobin&title=&subject=&subdiv=&mem=&year=&year-max=&dead=&keyword=&smode=advanced |access-date=2022-12-08 |website=search.amphilsoc.org}}</ref><ref>{{Cite web |title=James Tobin |url=http://www.nasonline.org/member-directory/deceased-members/49717.html |access-date=2022-12-08 |website=www.nasonline.org}}</ref>

In 1972 Tobin, along with fellow Yale economics professor [[William Nordhaus]], published ''Is Growth  Obsolete?'',<ref>Nordhaus, W. and J. Tobin, 1972. Is growth obsolete?. Columbia University Press, New York.</ref> an article that introduced the [[Measure of Economic Welfare]] as the first model for economic [[sustainability]] assessment, and economic [[sustainability measurement]].

In 1982–1983, Tobin was Ford Visiting Research Professor of economics at the [[University of California, Berkeley]].<ref>{{cite book|last1=Vane|first1=Howard R.|last2=Mulhearn|first2=Chris|title=The Nobel Memorial Laureates in Economics: An Introduction to Their Careers and Main Published Works|year=2005|publisher=Edward Elgar Publishing|page=121}}</ref> In 1988 he formally retired from Yale, but continued to deliver some lectures as [[Professor Emeritus]] and continued to write. He died on March 11, 2002, in [[New Haven, Connecticut]].

Tobin was a trustee of [[Economists for Peace and Security]].<ref>[http://www.epsusa.org/main/history.htm Economists for Peace and Security History] {{webarchive|url=https://web.archive.org/web/20090414011545/http://epsusa.org/main/history.htm |date=2009-04-14 }}: James Tobin among founding Nobel laureates</ref>