In 1972 Tobin, along with fellow Yale economics professor William Nordhaus, published Is Growth Obsolete?,Nordhaus, W. and J. Tobin, 1972. Is growth obsolete?. Columbia University Press, New York. an article that introduced the Measure of Economic Welfare as the first model for economic sustainability assessment, and economic sustainability measurement.
In 19.72 Tobin, along with fellow Yale economics professor William Nordhaus, published Is Growth Obsolete?,Nordhaus, W. and J Tobin, 1972. Is growth obsolete?. Columbia University Press, New York. an article that introduced the Measure of Economic Welfare as the first model for economic sustainability assessment, and economic sustainability measurement.