Word: modigliani
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Dates: during 1980-1989
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...Franco Modigliani, a 67-year-old economics professor who has taught at MIT since 1962, argues that people save less for old age when they have improved pensions to count on. In his theories of corporate economics, Modigliani holds that firms should focus on increasing the value of their stock, not necessarily their profits...
...Modigliani also earned praise from Harvard economists. "It couldn't have gone to a more attractive man and it couldn't have gone to a better economist," said John Kenneth Galbraith, Warburg Professor of Economics Emeritus. Professor of Economics Lawrence H. Summers called the prize "well deserved...
Explaining some of his work, Modigliani told the Associated Press yesterday that his savings theory is based on the idea that people save and corporations invest according to their immediate circumstances...
...students are not the only ones, Goodstein adds. When his father visited him after he had bought his Mac, "he did his own rendition of a Modigliani painting...
...underworld rose to the bait. First shady dealers, then smugglers and fences and, finally, the thieves themselves came forward to offer him hot merchandise, including pictures purportedly by Tintoretto, Renoir, Van Gogh and Modigliani. Watson had difficulty in authenticating these works as stolen art, with good reason. Most were forgeries...