Franco Modigliani

Franco Modigliani (1918-2003), the 1985 Nobel Laureate, was one of the greatest economists of the Twentieth century. Starting with an overview of Modigliani's life, and his place in Twentieth century economics, the authors explain and assess his influential theories, including his contribution to the Keynesian consumption hypothesis, corporate invariance hypothesis, stabilization policies, econometric model building, and his legacy and influence in contemporary economics