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Franco Modigliani (June 18, 1918 – September 25, 2003) was an Italian-American economist at the MIT Sloan School of Management, and winner of the Nobel Memorial Prize in Economics in 1985. June 18 is the 169th day of the year in the Gregorian Calendar (170th in leap years), with 196 days remaining. ...
1918 (MCMXVIII) was a common year starting on Tuesday of the Gregorian calendar (see link for calendar) or a common year starting on Wednesday of the Julian calendar. ...
September 25 is the 268th day of the year (269th in leap years). ...
2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ...
Logo of Sons of Italy, which is the largest Italian American fraternal organization in the United States. ...
An economist is an individual who studies, develops, and applies theories and concepts from economics, and writes about economic policy. ...
The MIT Sloan School of Management is one of the five schools of the Massachusetts Institute of Technology, located in Cambridge, Massachusetts, USA. It is one of the worlds leading business schools, conducting research and teaching in finance, entrepreneurship, marketing, strategic management, economics, organizational behavior, operations management, supply chain...
The Bank of Sweden Prize in Economic Sciences (Swe. ...
This article is about the year. ...
Born in Italy, he left Italy for the US in 1939 because of his Jewish background and antifascist views. In 1944 he obtained his Ph.D. from the New School for Social Research working under Jacob Marschak. In 1946, he became a naturalized citizen of the United States. 1939 (MCMXXXIX) was a common year starting on Sunday (link will take you to calendar). ...
New School University is an institute of higher learning in New York City. ...
Jacob Marschak (* 23 July 1898 Kiev, Ukraine; â 27 July 1977 Los Angeles, USA) was an American economist of Ukrainian origin. ...
1946 (MCMXLVI) was a common year starting on Tuesday. ...
Naturalization is the process whereby a person becomes a national of a nation, or a citizen of a country, other than the one of his birth. ...
When he was a professor at the Graduate School of Industrial Administration of Carnegie Mellon University in the 1950s and early 1960s, Modigliani made two path-breaking contributions to economic science: The David A. Tepper School of Business, located at Carnegie Mellon University in Pittsburgh, Pennsylvania, consistently ranks among the top business schools in the world. ...
Carnegie Mellon University is a private research university located in Pittsburgh, Pennsylvania. ...
- Along with Merton Miller, he formulated the important Modigliani-Miller theorem in corporate finance. This demonstrated that under certain assumptions, the value of a firm is not affected by whether it is financed by equity (selling shares) or debt (borrowing money).
- He was also the originator of the life-cycle hypothesis, which attempts to explain the level of saving in the economy. Modigliani proposed that consumers would aim for a stable level of income throughout their lifetime, for example by saving during their working years and spending during their retirement.
In 1962, he joined the faculty at MIT, where he stayed until his death. Among his students were Nobel laureate Robert Merton, the 1997 winner. Merton Howard Miller (May 16, 1923 - June 3, 2000) won the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel in 1990, along with Harry Markowitz and William Sharpe. ...
The Modigliani-Miller theorem (of Franco Modigliani, Merton Miller) forms the basis for modern thinking on capital structure. ...
Corporate finance is a specific area of finance dealing with the financial decisions corporations make and the tools as well as analyses used to make these decisions. ...
Economic theories of intertemporal consumption seek to explain peoples preferences in relation to consumption and saving over the course of their life. ...
Save might refer to: Save (sport) - to stop a goal or maintain the lead To save a document in computer file management (see also Saving a webpage) The River Save (Zimbabwe), Zimbabwe The River Save (Hungary), Hungary -- joins the Danube just above Belgrade. ...
Retirement is the status of a worker who has stopped working. ...
This article is about the economist. ...
Modigliani also co-authored the textbooks, "Foundations of Financial Markets and Institutions" and "Capital Markets: Institutions and Instruments" with Frank J. Fabozzi of Yale School of Management. Frank J. Fabozzi is the Frederick Frank Adjunct Professor of Finance at Yale School of Management. ...
The Yale School of Management (also known as Yale SOM) is the graduate business school of Yale University and is located on Hillhouse Avenue in New Haven, Connecticut, USA. Yale SOM offers M.B.A. and Ph. ...
Active until the end, Modigliani enlisted fellow Nobel laureates Paul Samuelson and Robert Solow in 2003 to write a letter published in the New York Times chiding the Anti-Defamation League for honoring Italy's prime minister, Silvio Berlusconi. Berlusconi had recently defended Mussolini's conduct toward Jews during World War II. Paul Anthony Samuelson Paul A. Samuelson (born May 15, 1915, in Gary, Indiana) is an American economist known for his work in many fields of economics. ...
Robert Merton Solow (born August 23, 1924) is an American economist particularly known for his work on the theory of economic growth. ...
External links
See also | 1976: Friedman | 1977: Ohlin, Meade | 1978: Simon | 1979: Schultz, Lewis | 1980: Klein | 1981: Tobin | 1982: Stigler | 1983: Debreu | 1984: Stone | 1985: Modigliani | 1986: Buchanan | 1987: Solow | 1988: Allais | 1989: Haavelmo | 1990: Markowitz, Miller, Sharpe | 1991: Coase | 1992: Becker | 1993: Fogel, North | 1994: Harsanyi, Nash, Selten | 1995: Lucas | 1996: Mirrlees, Vickrey | 1997: Merton, Scholes | 1998: Sen | 1999: Mundell | 2000: Heckman, McFadden This is an alphabetical list of well-known economists. ...
It has been suggested that List of policy institutes be merged into this article or section. ...
The Modigliani-Miller theorem (of Franco Modigliani, Merton Miller) forms the basis for modern thinking on capital structure. ...
The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel (in Swedish Sveriges Riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), is a prize awarded each year for outstanding intellectual contributions in the field of economics. ...
Winners of the Nobel Prize are scientists, writers and peacemakers who have been awarded in their field of endeavour, and who are known collectively as either Nobel laureates or Nobel Prize winners. ...
Milton Friedman Milton Friedman (born July 31, 1912) is an American economist, known for his work on macroeconomics, microeconomics, economic history, statistics, and for his advocacy of laissez-faire capitalism. ...
Bertil Ohlin (April 23, 1899 â August 3, 1979), was a Swedish economist and winner of the 1977 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. ...
James Edward Meade (June 23, 1907, Swanage, Dorset â December 22, 1995, Cambridge) was an English economist and winner of the 1977 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel jointly with the Norwegian Bertil Ohlin for their Pathbreaking contribution to the theory of international trade and...
Herbert Alexander Simon (June 15, 1916 â February 9, 2001) was a researcher in the fields of cognitive psychology, computer science, public administration, economics and philosophy (sometimes described as a polymath). ...
Theodore Schultz, the 1979 winner (jointly with Arthur Lewis) of the Bank of Sweden Prize in the Economic Sciences (also known as the Nobel Prize in Economics) was born 1902 in the United States. ...
Sir William Arthur Lewis (January 23, 1915 â June 15, 1991) was a Saint Lucian economist well known for his contributions in the field of economic development. ...
Lawrence Robert Klein (born September 14, 1920) is an American economist. ...
For the convicted Republican political operative, see James Tobin (political operative). ...
George Joseph Stigler (1911 - 1991) was a U.S. economist. ...
Gerard Debreu was a naturalized US citizen from France Gerard Debreu (July 4, 1921 â December 31, 2004) is a French economist and mathematician (In July 1975, he became a naturalized citizen of the United States). ...
Sir John Richard Nicholas Stone (August 30, 1913 â December 6, 1991) was an eminent British economist who in 1984 received the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel for developing an accounting model that could be used to track economic activities on a national and...
For the president of this name, see James Buchanan. ...
Robert Merton Solow (born August 23, 1924) is an American economist particularly known for his work on the theory of economic growth. ...
Maurice Allais (born May 31, 1911) was the 1988 winner of The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel for his pioneering contributions to the theory of markets and efficient utilization of resources. ...
Trygve Magnus Haavelmo (13 December 1911 â 26 July 1999), born in Skedsmo, Norway, was an influential economist with main research interests centered on the fields of econometrics and economics theory. ...
Harry Max Markowitz (born August 24, 1927) is an influential economist at City University of New York and winner of the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel in 1990. ...
Merton Howard Miller (May 16, 1923 - June 3, 2000) won the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel in 1990, along with Harry Markowitz and William Sharpe. ...
William Forsyth Sharpe (born June 16, 1934) is Professor of Finance, Emeritus at Stanford Universitys Graduate School of Business and the winner of the 1990 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. ...
Ronald Coase (born December 29, 1910) is a British economist. ...
Gary S. Becker Gary Stanley Becker (born December 2, 1930) is an American economist. ...
Robert William Fogel (born July 1, 1926) is an American economic historian and scientist, and Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel winner in 1993 (with Douglass North). ...
Douglass Cecil North (born November 5, 1920) is co-recipient of the 1993 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. ...
John Charles Harsanyi (May 29, 1920 â August 9, 2000) was a Hungarian-American business and economics professor who contributed to the study of game theory in mathematics by developing the analysis of games of incomplete information. ...
Nash in 2003. ...
Reinhard Selten (born October 5, 1930) is a German economist. ...
Robert Emerson Lucas, Jr. ...
James Alexander Mirrlees (born July 5, 1936, Minnigaff, Scotland) is a Scottish economist and winner of the 1996 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. ...
William Vickrey (June 21, 1914, Victoria, British Columbia - October 11, 1996, New York State) was a Columbia University professor, who was awarded the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. ...
This article is about the economist. ...
Myron S. Scholes (born July 1, 1941) is one of the authors of the famous Black-Scholes equation. ...
Amartya Sen Dr Amartya Kumar Sen CH (Hon) (born November 3, 1933 in India), is an economist and a winner of the Bank of Sweden Prize in Economic Sciences (sometimes referred to informally as the Nobel Prize for Economics) for his work on famine, human development theory, welfare economics, the...
Robert Alexander Mundell (born October 24, 1932) is a Canadian economist who graduated from the University of British Columbia in Vancouver. ...
James Heckman (born April 19, 1944) is an economist at the University of Chicago. ...
Daniel L. McFadden (born July 29, 1937) is an econometrician who won (jointly with James Heckman) the 2000 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel for his development of theory and methods for analyzing discrete choice. He is currently the E. Morris Cox Professor of...
Complete List | Laureates (1969-1975) | Laureates (2001- ) | |