Franco Modigliano received the prize in economics in memory of Alfred Nobel in 1985. The award was given in recognition of Professor Modigliani’s innovative and influential analysis of savings and financial markets, in particular, the life cycle hypothesis of personal savings behavior and the “Modigliani-Miller theorem” in the theory of finance.
Professor Modigliani was born in 1919 in Rome, Italy. Ha has carries on his scholarly work at the University of Rome., the University of Illinois, Carnegie Institute of Technology, North-Western University etc.
In this book he gives a well rounded presentation of: The European Economic Recovery - a Need for New Policies?