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Franco Modigliani

1918–2003

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Franco Modigliani (1918–2003) was an Italian-American economist and Nobel laureate, best known for the Modigliani-Miller theorem on corporate finance and the life-cycle hypothesis of saving. He fled fascist Italy in 1939, later teaching at MIT and shaping modern macroeconomics with a focus on rational expectations and intertemporal choice.

Economics

WORKS

The Life-Cycle Hypothesis of Saving (1954, with Richard Brumberg)
The Cost of Capital, Corporation Finance and the Theory of Investment (1958, with Merton Miller)
The Role of Anticipations and Plans in Economic Behavior (1960)
The Debate over Stabilization Policy (1977)
Collected Papers of Franco Modigliani (6 volumes, 1980–2005)

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