"A[n]... example of this strategy is the "LM curve." Macroeconomics... immortalized Hick's decomposition of the Keynesian system into sub-models. One... tells what asset stock equilibrium corresponds to... tentative... aggregate real income and the commodity price level. ..."[T]he" interest rate equates... demand and supply of money and clears... markets for other assets."
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Academics from the United StatesNon-fiction authors from the United StatesMathematicians from the United StatesEconomists from the United StatesNobel laureates in Economics
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https://en.wikiquote.org/wiki/James_Tobin
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James Tobin
James Tobin (March 5, 1918 – March 11, 2002) was an American economist who served on the Council of Economic Advisers and consulted with the Board of Governors of the Federal Reserve System, and taught at Harvard and Yale Universities. He developed the ideas of Keynesian economics, and advocated government intervention to stabilize output and avoid recessions. His academic work included pioneering contributions to the study of investment, monetary and fiscal policy and financial markets. He also
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