Earlier Life Of Modigliani:
was Italian economist.He was Born in Rome June
18, 1918. At age 17, he enrolled in the University of Rome to pursue alaw degree.
Modigliani left Italy for Paris to continue studying. In 1939, he briefly
returned to the University of Rome to receive his Doctor Juris.
Franco Modigliani started hosting informal seminars.
Modigliani left the New School to take a professorship at NewJersey College for Women.
He joined Columbia University as instructor in economics andstatistics.
Franco Modigliani obtained his D. Soc. Sci. from the New Schoolfor Social Research.
Franco Modigliani became a U.S citizen
Franco Modigliani awarded the Political Economy Fellowship of the University of Chicago
Franco Modigliani’s work "Fluctuations in the Saving
Ratio: A Problem in Economic Forecasting, published in “Studies in
Income and Wealth
1952 to 1960:
Modigliani joined the Canegie Institute of Technology.Modigliani, along with Merton Miller ,formulated the important Modigliani-
Miller theorem in corporate finance and financial markets.
Modigliani’s work with Merton Miller "Corporate Income
Taxes and the Cost of Capital" was published in American EconomicReview.
Franco Modigliani was awarded the Nobel Prize for Economics in 1985
for his work in savings the dynamics of financial markets.
Franco Modigliani died on September 25, 2003, at the age of 85.