Tiny Panda Quotes
Franco Modigliani (1918-2003) was an influential Italian-American economist whose groundbreaking theories reshaped the landscape of modern economic thought. Born in Rome, he fled to the United States during World War II, where he made significant contributions to the fields of macroeconomics and finance. His most celebrated achievement, the Life-Cycle Hypothesis, revolutionized the understanding of consumer behavior and saving. Awarded the Nobel Prize in Economic Sciences in 1985, Modigliani's legacy endures through his profound insights, which continue to inform economic policy and personal finance today.
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"Economists agree about economics - and that's a science - and they disagree about economic policy because that's a value judgment... I've had profound disagreements on policy with the famous Milton Friedman. But, on economics, we agree."
Franco Modigliani