Franco Modigliani
| Franco Modigliani | |
|---|---|
 |
|
| Born |
June 18, 1918 Rome, Italy |
| Died | September 25, 2003 (aged 85) Cambridge, Massachusetts |
| Nationality | Italian, American |
| Institutions |
Carnegie Mellon University University of Illinois at Urbana-Champaign New School MIT |
| Field | Financial economics |
| School or tradition |
Neo-Keynesian economics Chicago School of economics Carnegie School |
| Alma mater | New School |
| Doctoral advisor |
Jacob Marschak Abba Lerner |
| Doctoral students |
Albert Ando John Hayhurst Hand Robert Shiller Mario Draghi Charles Steindel Lucas Papademos |
| Influences | J. M. Keynes, Jacob Marschak |
| Influenced |
Jacques Drèze Robert Shiller William A. Barnett |
| Contributions |
Modigliani–Miller theorem Life-cycle hypothesis MPS model |
| Information at IDEAS / RePEc | |
Franco Modigliani (Italian: [ˈfraŋko modiʎˈʎani]; June 18, 1918 – September 25, 2003) was an Italian economist naturalized American, a professor at UIUC, Carnegie Mellon University and MIT and who won the Nobel Memorial Prize in Economics in 1985.
Born in Rome, Italy, Modigliani left Italy because of his Jewish origin and antifascist views, although he had previously published fascist economic papers and had personally received an award from Mussolini. He first went to Paris with the family of his then-girlfriend, Serena, whom he married in 1939, and then to the United States. From 1942 to 1944, he taught at Columbia University and Bard College as an instructor in economics and statistics. In 1944, he obtained his D. Soc. Sci. from the New School for Social Research working under Jacob Marschak. In 1946, he became a naturalized citizen of the United States, and in 1948, he joined the University of Illinois at Urbana-Champaign faculty. From 1952 to 1962, he was faculty at Carnegie Mellon University, where several path-breaking contributions to economic science were made:
In 1962, he joined the faculty at MIT, achieving distinction as an Institute Professor, where he stayed until his death. In 1985 he received MIT's James R. Killian Faculty Achievement Award.
...
Wikipedia