Quote of the day
The liberty of man consists solely in this: that he obeys natural laws because he has himself recognized them as such, and not because they have been externally imposed upon him by any extrinsic will whatever, divine or human, collective or individual.
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)