James Tobin
James Tobin (March 5, 1918 – March 11, 2002) was an American economist who served on the Council of Economic Advisers and the Board of Governors of the Federal Reserve System, and taught at Harvard and Yale Universities. He developed the ideas of Keynesian economics, and advocated government intervention to stabilize output and avoid recessions. His academic work included pioneering contributions to the study of investment, monetary and fiscal policy and financial markets. He also proposed an econometric model for censored endogenous variables, the well-known "Tobit model". Tobin received the Nobel Memorial Prize in Economic Sciences in 1981.
Thomas Tate Tobin
Thomas Tate Tobin was born in St. Louis, Missouri, on May 1, 1823 to Bartholomew Tobin, an Irish immigrant, and Sarah Autobees. Sarah, believed to have been a Delaware Indian, had been widowed before marrying Tobin. She brought her son Charles Autobees (later Autobee) into the marriage. A year later, the couple had a daughter Catherine together.