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Aggregate Consumption Function: an attempt at Integration” (Modigliani and Brumberg [1979]) which provide the basis for the Life Cycle Hypothesis of Saving (LCH).
Franco Modigliani (18 June 1918 – 25 September 2003) [1] was an Italian-American economist and the recipient of the 1985 Nobel Memorial Prize in Economics. He was a professor at University of Illinois at Urbana–Champaign, Carnegie Mellon University, and MIT Sloan School of Management.
Dec 11, 2016 · Modigliani was immediately taken on as a postgraduate scholar by the New School for Social Research, which had been newly created as a haven for social scientists fleeing Europe. He was mentored there in economic theory and econometrics by Jacob Marschak.
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Modigliani was born on June 18, 1918, in Rome, Italy. His father, Enrico Modigliani, was a prominent pediatrician and his mother, Olga Flaschel Modigliani, was a volunteer social worker. He described himself in his autobiography for the Nobel Prizecommittee as being a "good" student "though not outstanding." When he was 13 his father died unexpecte...
When it was apparent that Modigliani would not be returning to Europe for quite a long time, he enrolled at the New School for Social Research in New York City and was awarded with a free tuition scholarship by the Graduate Faculty of Political and Social Science. The New School had been newly created and provided an academic haven for many Europea...
Modigliani was announced as the recipient of the 1985 Nobel Prize for Economics in October 1985, the 13th American to win the prize since its establishment in 1969. David Warsh of the Boston Globe broke the story on the local honoree that was more than simply one expressing Modigliani's pleasure in receiving the nod. "After receiving news of the aw...
Boston Globe,October 16, 1985; December 5, 1985. CFO, The Magazine for Senior Financial Executives,November 2003. Economist,October 4, 2003. The Guardian,October 1, 2003. MIT News,September 25, 2003. Science,November 7, 1986.
" Adventures of an Economist, by Franco Modigliani," Texere Publishing website,http://www.etexere.com(January 16, 2004). "Dining With Nobel Laureate Franco Modigliani," Massachusetts Institute of Technology (MIT) News website,http://www-tech.mit.edu(January 16, 2004). "Franco Modigliani," New School for Social Research website,http://cepa.newschool...
I had the great luck of being awarded a free tuition fellowship by the Graduate Faculty of Political and Social Science of the New School for Social Research, an institution freshly created to give haven to the European scholars who were victims of the three fascist dictatorships.
Franco Modigliani is one of the leaders of postwar macroeconomics who has had a profound influence on the development of Keynesian economics, its empirical testing, and econometric modeling.
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Franco Modigliani as “American” Keynesian: How the University in Exile Economists Influenced Economics I had the great luck of being awarded a free tuition fellowship by the Graduate Faculty of Political and Social Science of the New School for Social Research ... as I was discovering my passion for
