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.
James Tobin (planter)
Tobin travelled first to Nevis in 1758, to work in the family plantation business, at Stoney Grove Estate. From 1760 to 1782 he was there at least three times. He went back there in 1808. In 1817, the year of his death, there were 213 enslaved people on the Stoney Grove plantation.