Abstract
This article focuses on the scholarly contributions of Franco Modigliani, 1985 Nobel laureate in economics. Particular attention is given to his formulation of the determinants of equilibrium in Keynesian macroeconomics, the life-cycle hypothesis of saving, his contributions to the theory of expectations, and the Modigliani–Miller theorems of corporate finance. The objective is to demonstrate Modigliani’s importance in the history of economics.
This chapter was originally published in The New Palgrave Dictionary of Economics, 2nd edition, 2008. Edited by Steven N. Durlauf and Lawrence E. Blume
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Partial support for this research was provided by the National Science Foundation and the Center for Social and Economic Policy at the University of California, Riverside.
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Sutch, R. (2008). Modigliani, Franco (1918–2003). In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_2780-1
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DOI: https://doi.org/10.1057/978-1-349-95121-5_2780-1
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Publisher Name: Palgrave Macmillan, London
Online ISBN: 978-1-349-95121-5
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