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"The miserable failures of capitalist economies in the Great Depression were root causes of worldwide social and political disasters."
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"It is difficult to determine the cause of grass fires. There is usually nothing left behind when we get there, like a cigarette or a gas can, for us to determine what started it."

"Between good sense and good taste there lies the difference between a cause and its effect."

"If you're not accurate, you'll cause untold trouble."

"Every relationship between persons causes a picture of each to take form in the mind of the other, and this picture evidently is in reciprocal relationship with that personal relationship."

"We are too much accustomed to attribute to a single cause that which is the product of several, and the majority of our controversies come from that."

"Every general increase of freedom is accompanied by some degeneracy, attributable to the same causes as the freedom."
Explore more quotes by James Tobin

"The greatest good fortune of my return to Cambridge in 1946 was that there, in the spring, I met Elizabeth Fay Ringo. We were married a few months later."

"The crisis triggered a fertile period of scientific ferment and revolution in economic theory."

"My father also happened to be an intellectual, as learned, literate, informed, and curious as anyone I have known. Unobtrusively and casually, he was my wise and gentle teacher."

"I studied economics and made it my career for two reasons. The subject was and is intellectually fascinating and challenging, particularly to someone with taste and talent for theoretical reasoning and quantitative analysis."

"At the time, my personal research objectives were to provide Keynesian economics with more rigorous foundations and to tighten and elaborate the logic of macroeconomic and monetary theory."

"At the same time it offered the hope, as it still does, that improved understanding could better the lot of mankind. For me, growing up in the 1930s, the two motivations powerfully reinforced each other."

"Yale places great stress on undergraduate and graduate teaching. I like teaching, and I do a lot of it."

"After the United States entered the war, I joined the Naval Reserve and spent ninety days in a Columbia University dormitory learning to be a naval officer."

"I was born in Champaign in 1918. From the neighborhood elementary and intermediate schools, I went to the University High School in the twin city, Urbana."
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