Journal of Economic Perspectives: Vol. 1 No. 2 (Fall 1987)


Quick Tools:

Print Article Summary
Export Citation
Sign up for Email Alerts Follow us on Twitter


JEP - All Issues

In Honor of Nobel Laureate, Franco Modigliani

Article Citation

Merton, Robert C. 1987. "In Honor of Nobel Laureate, Franco Modigliani." Journal of Economic Perspectives, 1(2): 145-155.

DOI: 10.1257/jep.1.2.145


When Gary Becker asked me to introduce Franco Modigliani on this occasion celebrating Franco's Nobel Prize, he noted that, by tradition, the honoree does not speak. It is the introducer who speaks, devoting 30 minutes or so to the laureate's chief contributions to economics. Now, I know of no meeting of economists attended by Franco where he didn't speak. But this occasion is designed to do Franco Modigliani honor, rather than delegate him to perform still another feat of critical summary for the enduring benefit of his fellow economists. Where shall I begin? Franco Modigliani is a great macroeconomist. He is also a great microeconomist. Still, it is the composite of theoretical, empirical, applied, and policy-oriented work that provides the unmistakable Franco Modigliani stamp. In the parlance of corporate finance, he is a complete, horizontally and vertically integrated, economic-research system.

Article Full-Text Access

Full-text Article (Complimentary)


Merton, Robert C. (Unlisted)

JEL Classifications

032: History of Economic Thought--Individuals


View Comments on This Article (0) | Login to post a comment

Journal of Economic Perspectives

Quick Tools:

Sign up for Email Alerts

Follow us on Twitter

Subscription Information
(Institutional Administrator Access)


JEP - All Issues

Virtual Field Journals

AEA Member Login:

AEAweb | AEA Journals | Contact Us