Tobin's work significantly extended the usefulness of Keynesian economic
analysis by greatly clarifying such issues as risk, portfolio management,
and the role of financial markets in conveying information about underlying
conditions. Among his publications were The American Business Creed
(with others, 1961), National Economic Policy (1966), Essays in Economics,
3 vol. (1971-82), and The New Economics One Decade Older (1974).
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