He was an American economist, economic advisor to the US government, and a member of the board of directors of the Federal Reserve.
He taught at Harvard and Yale Universities.
He was the one who developed the ideas of Keynesian Economics.
He was born in 1918. His father was a journalist who fought in World War I.
James studied at Harvard with government sponsorship and graduated with honors. He also completed his doctorate at the same university.
During World War II, he was a naval officer.
In 1946, he married and had 4 children.
In 1955, he received the John Bates Clark Medal.
He defended government intervention to stabilize production to avoid recessions.
He conducted research on investment, monetary policy, and markets.
In 1981 he received the Nobel Prize in Economic Sciences.
He died in 2002.
[Source: el.wikipedia.org]
