1985

Press release

15 October 1985 THIS YEAR’S ECONOMICS PRIZE AWARDED FOR PIONEERING STUDIES OF SAVING AND OF FINANCIAL MARKETS has decided to award the l985 Alfred Nobel Memorial Prize in Economic Sciences to Professor Franco Modigliani, Massachusetts Institute of Technology, USA, for his pioneering analyses of saving and of financial markets. Franco Modigliani’s research has been primarily…

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4 photos   To cite this pageMLA style: “Photo gallery – The Nobel Banquet 1985”. Nobelprize.org. Nobel Media AB 2014. Web. 22 Jun 2018.

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Award ceremony speech

Presentation Speech by Professor Ragnar Bentzel of the Translation from the Swedish text Your Majesties, Your Royal Highnesses, Ladies and Gentlemen, This year’s prize in Economic Sciences has been awarded to Professor Franco Modigliani for his construction and development of the theory of household saving known as the life-cycle hypothesis and for his contributions to…

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Biographical

I was born in New York City in 1918 into a family that had a number of artistic people among its members. My father’s brother and a sister’s husband were probably the best known. The latter, Ivan Olinsky, taught for many years at the Art Students’ League in New York City. I have been told…

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