Franco Modigliani Quotes

1918–2003 Italy

Franco Modigliani (June 18, 1918 – September 25, 2003) was an Italian-born American economist and professor at the MIT Sloan School of Management and MIT Department of Economics, who won the Nobel Memorial Prize in Economics in 1985.

Italy
Economists
Nobel laureates

Random Franco Modigliani quote

3 quotes

A situation where people can grow old without having a job that rewards them individually while adding to the collective well-being is morally unacceptable.

Franco Modigliani (2001)

The life cycle of family size, at least in the U.S., has a very humped shape rather similar to that of income, though with a somewhat earlier peak. As a result, one might expect, and generally finds a fairly constant rate of saving in the central age group, but lower saving or even dissaving in the very young or old.

I think that Keynes was certainly a good example of a new paradigm. His work is possibly the best example of a case for which I think Kuhn's theory fits as well as it can in the domain of the social sciences. In a fairly short period of time, Keynes gave a new way of looking at the economy, a way which was widely accepted, at least by the younger generation.

Conversations with Economists (1983)

Attribution

Quotes and notes from Wikiquote: Franco Modigliani (page history), available under CC BY-SA 4.0.