Franco Modigliani papers

Franco Modigliani, 1918-2003, was born in Italy and received degrees from the University of Rome and the New School for Social Research. He taught and did research at several universities before joining the faculty at the Carnegie Institute of Technology in 1952. He came to the Massachusetts Institute of Technology (MIT) in 1962 as a professor of economics and finance. In 1970, he was named an Institute Professor, an appointment MIT reserves for scholars of distinction. He became professor emeritus in 1988.

Modigliani was known for his work on corporate finance, capital markets, macroeconomics and econometrics. He won the Nobel Prize in economics in 1985 for his analyses of savings and financial markets.

In addition to his work with MIT's Department of Economics, he was also involved with the Sloan School of Management. Modigliani received MIT's James R. Killian Faculty Achievement Award in 1985. The Modigliani Professorship of Financial Economics, an endowed chair, was established in 1995.

Modigliani was a member of the National Academy of Sciences and the American Academy of Arts and Sciences. He also served as president of the Econometric Society, the American Economic Association and the American Finance Association. He served as a consultant to the U.S. Treasury, the Federal Reserve System and a number of European banks.

MIT News, Nobel laureate Franco Modigliani dies at 85, September 25, 2003