biography
pronunciation:
[mohdeelyahnee]
| sex:
| male
|
| lived:
| (1918– )
|
| biography:
| Economist, born in Rome, Italy. He emigrated to the USA after receiving a degree from the University of Rome (1939), and taught at several universities before moving to the Massachusetts Institute of Technology (1962). In the early 1950s, he originated the ‘lifecycle hypothesis’ which provided a microeconomic foundation in individual behaviour for patterns of national savings. With Merton Miller, he established the Modigliani–Miller theorems which applied economic theory to the field of finance. He was awarded the Nobel Prize for Economics in 1985. |
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