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.
John M. Tobin Jr.
Tobin was born in Boston on August 31, 1969. He is the son of Jack and Kathy (Freeman) Tobin and is the oldest of six children. He grew up in Dorchester's Lower Mills neighborhood and in West Roxbury. Tobin attended the Charles H. Taylor Elementary School in Mattapan, St. Gregory’s School in Dorchester, and Holy Name School in West Roxbury. He is a 1987 graduate of Catholic Memorial High School in West Roxbury. Tobin received his Bachelor of Arts degree in Political Science from the University of Massachusetts Boston.