James Tobin

James Tobin was a member of the graduating class of 1935, who lived an accomplished life both at Uni and afterward. During his Uni career, he was a member of the Dramatics club for three years and played at the center position for the Uni High basketball team as well. Tobin was also the editor-in-chief for the U and I, which is what the yearbooks were called at the time.

After Tobin’s graduation, he attended Harvard for both his undergraduate and graduate school years and then he became a renowned economist. He focused on Keynesian economics, which depicts various macroeconomic theories and models of how the total spending in the economy influences economic output and inflation. Tobin also was an economics professor at Harvard and Yale as well.  In 1981, Tobin won the Nobel Prize in Economic Sciences for much of his aforementioned work in the economic field. 

Even today, Tobin’s legacy lives on at Uni High. From the Uni website, the James Tobin Award for Excellence in the Social Sciences is a yearly award given to a graduating senior who has demonstrated an exceptional commitment to the questions and principles of the social sciences.

Senior Quote

Tobin’s senior quote was “His is the certain dignity of manners absolutely necessary to make even the most valuable character either respected or respectable”

Basketball Highlights

Tobin scored a season high 19 points in the opening basketball game against Philo.

Helping the President

Tobin served as a member of President John F. Kennedy’s Council of Economic Advisers from January 1961 to July 1962, helping the president write the 1962 Economic Report of the President. 

Tobin Tax

Today there is a tax on foreign exchange transactions, known as the “Tobin Tax”, which was suggested by Tobin.