Merton Miller
Merton Miller
Merton Howard Millerwas an American economist, and the co-author of the Modigliani–Miller theorem, 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...
NationalityAmerican
ProfessionEconomist
Date of Birth16 May 1923
CountryUnited States of America
economic interests options problems securities services shifted since strongly towards
My research interests since then have shifted strongly towards the economic and regulatory problems of the financial services industry, and especially of the securities and options exchanges.
aggregate everybody markets
So everybody has some information. The function of the markets is to aggregate that information, evaluate it, and get it incorporated into prices.
taxation finance treasury
My expertise was in public finance, particularly corporate taxation, since I had worked at the US Treasury.
board-of-directors boards should
I should mention that I am a member of the board of directors of Dimensional Fund Advisors.