Third Lecture

The Department of Economics

The Grunberg Lecture Series

Third Grunberg Lecture - 1990

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 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 Eighth 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)
•      The Eighteenth Lecture, 2008, George Akerlof (Nobel 2001)