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 Joplin
He was born about 1790 in Newcastle-upon-Tyne, the second son of the timber merchant Thomas Joplin, who died in 1808. He was in business at the family firm in New Road with his elder brother William, as W. and T. Joplin & Co. He studied political economy.