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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.
Merton Miller was a professor at the University of Chicago Booth School of Business and a co-developer of the Modigliani-Miller theorem. He also advocated for free-market solutions and served on the boards of the Chicago Board of Trade and the Chicago Mercantile Exchange.
Apr 13, 2022 · Merton Miller was an American economist who co-developed the Modigliani-Miller theorem with Franco Modigliani. He won the Nobel Prize in economics in 1990 and wrote several books on corporate finance and derivatives.
Merton H. Miller was a pioneer of corporate finance theory and a professor at Chicago Booth. He shared the 1990 Nobel Prize with Harry M. Markowitz and William F. Sharpe for his contributions to the theory of financial economics.
Jun 3, 2000 · Merton H. Miller. The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1990. Born: 16 May 1923, Boston, MA, USA. Died: 3 June 2000, Chicago, IL, USA. Affiliation at the time of the award: University of Chicago, Chicago, IL, USA. Prize motivation: “for their pioneering work in the theory of financial economics” Prize share: 1/3
Why Merton Miller Remains Misunderstood. Miller’s irrelevance theorems—developed with fellow Nobelist Franco Modigliani—were the basis of the hunt for what parts of finance were relevant in firm valuation. By Douglas W. Diamond.
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1990 was awarded jointly to Harry M. Markowitz, Merton H. Miller and William F. Sharpe "for their pioneering work in the theory of financial economics"
