James Tobin and Growth Theory: Financial Factors and Long-Run Growth
回顾了詹姆斯·托宾四十多年来对增长理论的贡献，强调其通过货币与资本之间的资产组合替代性，论证了货币在长期中可能非中性的观点，并探讨了其工作与现代增长经济学演变的关系。
Although Tobin 1955 was one of the founding papers of the neoclassical one-sector growth model with smooth substitution between capital and labor, James Tobin's contributions to long-run growth theory throughout his career stood apart from other neoclassical growth models because of his emphasis on portfolio substitution between money and capital as a possible source of the non-neutrality of money even in the long run. This paper examines Tobin's contributions to growth theory over more than four decades and the relationship of his work to the evolution of modern growth economics.