Merton Miller
Merton Miller | |
|---|---|
 | |
| Born | May 16, 1923 Boston, Massachusetts, U.S. |
| Died | June 3, 2000 (aged 77) |
| Academic background | |
| Education | Harvard University Johns Hopkins University |
| Fritz Machlup | |
| Academic work | |
| Discipline | Economics |
School or tradition | Chicago School of Economics |
| Institutions | Carnegie Mellon University University of Chicago London School of Economics |
Doctoral students | Eugene Fama William Poole |
Notable ideas | Modigliani–Miller theorem |
| Awards | Nobel Memorial Prize in Economic Sciences (1990) |
| Website | |
Merton Howard Miller (May 16, 1923 – June 3, 2000) was an American economist, and the co-author of the Modigliani–Miller theorem (1958), which proposed the irrelevance of debt-equity structure. He shared the Nobel Memorial Prize in Economic Sciences in 1990, along with Harry Markowitz and William F. Sharpe. Miller spent most of his academic career at the University of Chicago's Booth School of Business.