Quote of the day
The Constitution was the expression not only of a political faith, but also of political fears. It was wrought both as the organ of the national interest and as the bulwark of certain individual and local rights.
Franco Modigliani
Born: June 18, 1918
Died: September 25, 2003 (aged 85)
Bio: Franco Modigliani was an Italian economist naturalized American, a professor at the MIT Sloan School of Management and MIT Department of Economics who won the Nobel Memorial Prize in Economics in 1985.
Known for:
- Rethinking pension reform
- Adventures of an Economist (2001)
- The Debate Over Stabilization Policy (1986)