The Department of Economics The Grunberg Lecture Series Third Grunberg Lecture - 1990
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Professor Franco Modigliani
Massachusetts Institute of Technology
Nobel Prize in Economics, 1985
"Social Security and the Moynihan Ploy"
Professor Franco Modigliani is an internationally known authority on monetary theory, capital markets, corporation finance, macroeconomics, and econometrics. He won the Nobel Prize for research which radically changed our understanding of how people save (the Life-Cycle hypothesis) and how corporations finance (the MM hypothesis). His work on savings has significant implications for the issue of social security. Modigliani's work in the areas of production planning, credit rationing, international finance, and the public predictability of social events (with Emile Grunberg) has won an important place in economic literature.
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(Click a lecture for
more information.)
- The First Lecture, 1988, Herbert A. Simon (Nobel 1978)
- The Second Lecture, 1989,
William Cooper (Von Neumann Medal
1982)
- The Third Lecture, 1990,
Franco Modigliani (Nobel 1985)
- The Fourth Lecture, 1991,
Richard Cyret
- The Fifth Lecture, 1992,
James Tobin (Nobel 1981)
- The Sixth Lecture, 1993, Robert Solow (Nobel 1987)
- The Seventh Lecture, 1994, Kenneth Arrow (Nobel 1972)
- The Eight Lecture, 1995, Lawrence Klein (Nobel 1980)
- The Ninth Lecture, 1996, Harry M. Markowitz (Nobel 1990)
- The Tenth Lecture, 1997, Douglas C. North (Nobel 1993)
- The Eleventh Lecture, 1998, James A. Mirrlees (Nobel 1996)
- The Twelfth Lecture, 1999, Robert W. Fogel (Nobel 1993)
- The Thirteenth Lecture, 2000, Herbert A. Simon (Nobel 1977)
- The Fourteenth Lecture, 2001, Joseph Stiglitz (Nobel 2001)
- The Fifteenth Lecture, 2002, James A. Heckman (Nobel 2000)
- The Sixthteenth Lecture, 2004, Vernon L. Smith (Nobel 2002)
- The Seventeenth Lecture, 2006, Finn Kydland (Nobel 2004)
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