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.
Maurice J. Tobin
A men's dormitory facility on the Long Island Hospital campus on Long Island in Boston Harbor is dedicated to Tobin. The Tobin Building's cornerstone was laid on November 9, 1940. In 1967, the Mystic River Bridge was renamed the Maurice J. Tobin Memorial Bridge. An elementary school is named after Tobin in the Mission Hill neighborhood of Boston, where he was born. The Psychology Department at the University of Massachusetts Amherst is located in Tobin Hall.