Quote of the day
It is better to meet danger than to wait for it. He that is on a lee shore, and foresees a hurricane, stands out to sea and encounters a storm to avoid a shipwreck.
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)