Franco Modigliani

Starting with an overview of Modigliani's life, the authors explain and assess his influential theories, including his theory of the life-cycle hypothesis of saving; the famous Modigliani-Miller theorem in corporate finance; stabilisation policy; econometric model building and forecasting, and his legacy and influence on contemporary economics.

'The publication of the first installments in Palgrave Macmillan's new series, "Great Thinkers in Economics," should be a major event for historians of economics.' - Roger Blackhouse, University of Birmingham

Autorentext
Author Michael Szenberg: Michael Szenberg is Chair and Distinguished Professor of Business and Economics at Lander College of Arts and Sciences, Touro College and University System, USA. Author Lall Ramrattan: Lall Ramrattan holds a Ph.D from the New School for Social Research. He is an instructor at the University of California, Berkeley.

Klappentext

Starting with an overview of Modigliani's life, the authors explain and assess his influential theories, including his theory of the life-cycle hypothesis of saving; the famous Modigliani-Miller theorem in corporate finance; stabilisation policy; econometric model building and forecasting, and his legacy and influence on contemporary economics.

Inhalt
Foreword; R.Solow Preface Overview on Modigliani's Works Modigliani's Early Life and Influences Modigliani and Keynesian Economics The Gospel of Keynesian Reality: Development and Application of Modigliani's Model, 1944-2003, The Realm of Stabilization Policies The Life Cycle Hypothesis Modigliani and Miller's (M&M) Hypothesis Forecasting, The MPS Model A Question of Identity Selected Personal Vignettes