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 Tobin
Shortly after taking up his position as managing director in 1835, Thomas married Catherine Ellis, daughter of Lister Ellis of Crofthead, Cumberland, on 12 September 1835.
They had one child, a son, Arthur Lionel, who was born in Ballincollig on 7 August 1837. Arthur became a lieutenant in the 23rd Royal Welch Fusiliers with whom he served in the Crimean War and in the Indian Mutiny. He was wounded in the thigh while fighting at the capture of Kaiserbogh, Lucknow (16 March 1858) and died on 12 October 1858. He was buried near Lucknow. Saddened by the death of their only son and child at 21 years of age, Tobin presented a stained glass window to St. Peter's Church, Carrigohane, to commemorate his son. He also presented a memorial to the Royal Welsh Fusiliers and endowed a boat in his son's name with the Royal National Lifeboat Institution of which Tobin himself was the local representative.