His notable articles include "One or Two Cheers for ‘The Invisible Hand'" and "Liquidity Preference as Behavior Towards Risk."
His notable articles include "One or Two Cheers for ‘The Invisible Hand'" and "Liquidity Preference as Behavior Towards Risk." He collaborated with Walter Heller, Arthur Okun, Kermit Gordon, and Robert Solow on the 1962 Economic Report to the President, which he called his manifesto of Keynesian economics. One of his chief contributions was a portfolio-selection theory that offered explanations of high risk versus conservative investments, but he is primarily known for a measure that predicts whether capital investment increases or decreases. FTP, identify this economist who chiefly concentrated on financial markets and developed a namesake "q."
His notable articles include "One or Two Cheers for ‘The Invisible Hand'" and "Liquidity Preference as Behavior Towards Risk."
James {Tobin}