Franco Modigliani papers, 1936-2005 and n.d. (bulk 1970s-2003)


Franco Modigliani papers, 1936-2005 and n.d. (bulk 1970s-2003)

Through correspondence, extensive research notes, unpublished writings, lectures and presentations, teaching materials, published materials, photographs, audiovisual materials, scrapbooks, and clippings, the collection documents the career of a noted economist and Nobel Prize winner, from his earliest student work in Italy through his 40-year tenure of teaching and research at the Massachusetts Institute of Technology. The many annotations written by Modigliani's wife and collaborator, Serena Modigliani, found throughout the collection, provide further information contextualizing the materials. Researchers will find ample documentation in the collection on Modigliani's work on the life-cycle hypothesis of saving, leading to the Nobel Prize in 1985. Other materials represent his work on topics and issues such as monetary policies, both domestic and foreign; pension trusts; public debt; econometric modelling; international finance and the international payment system; the effects of and cures for inflation; stabilization policies in open economies; and various fields of finance such as savings and investment, credit rationing, mortgages, the term structure of interest rates, and the valuation of speculative assets. Extensive documentation can also be found in the collection on Modigliani's key participation in the design of a large-scale model of the U.S. economy, called the MPS (an abbreviation deriving from collaborators MIT, Pennsylvania State University, and Social Science Research Council), sponsored by the Federal Reserve Bank, a model used by the U.S. government until the 1990s. Other documents reveal Modigliani's analyses of the forces of economics and politics in the United States as well as in Italy and the European Union as a whole. His views on various social issues, including the arms race, are found throughout the papers, especially in the many editorials and commentaries he wrote for newspapers and other publications. The materials in this collection reveal the high value that Modigliani placed on collaboration with other economists and with graduate students, with whom he exchanged letters, notes, and drafts of writings and commentary. Researchers examining the correspondence and writings will find the comments, replies, and writings of his many colleagues on the same range of topics. Significant correspondents or collaborators documented in the collection include European and American economists such as Albert Ando, with whom he collaborated on the MPS model, Mario Baldassarri, John Bossons, Jacques Drèze, Merton Miller, Paul Samuelson and James Tobin. Many other major economists of the twentieth century, as well as many political and academic individuals, are represented in smaller amounts of writings and correspondence. In addition to illuminating Modigliani's distinguished academic career and his collaborative approach to teaching and research, the materials in this collection offer insights into how he contributed significantly throughout his life to European and United States economic growth and reform, through professional service as an analyst, advisor, and expert witness. Organizations that benefited from this work include the Federal Reserve Board, the Federal Reserve Bank, the U.S. Congress, and the Treasury Department. Other organizations with whom Modigliani participated and corresponded and are represented in many series in the collection are the offices of the International Economic Association, the American Economic Review, the National Science Foundation, and the National Academy of Sciences.

62,100 items 88 lin. ft.

Related Entities

There are 16 Entities related to this resource.

Massachusetts Institute of Technology. Department of Economics (corporateBody)

United States. Department of the Treasury (corporateBody)

The Department of the Treasury was created by an act of Congress (1 Stat. 65), approved September 2, 1789. The orginal act established the Department to superintend the manage the National finances. This act charged the Secretary of the Treasury with the preparation of plans for the improvement and management of the revenue and the support of public credit. It further provided that the Secretary should prescribe the forms for keeping and rendering all manner of public accounts and for the ma...

National Science Foundation (U.S.) (corporateBody)

Modigliani, Franco. (person)

Economist. From the description of Franco Modigliani papers, 1936-2005 and n.d. (bulk 1970s-2003) (Duke University Library). WorldCat record id: 62256414 1918 June 18 Born in Rome, Italy circa 1935 Entered the University of Rome (Law) 1938 Emigrated to Paris, France ...

Baldassarri, Mario, 1946-.... (person)

United States. Federal Reserve Board (corporateBody)

National Academy of Sciences (U.S.) (corporateBody)

The National Academy of Sciences, founded in Washington, D. C., in 1863, grew out of a desire for a body of scientists to give advice on scientific matters to the federal government. Joseph Henry, first Secretary of the Smithsonian, was a force behind its creation. From the description of National Academy of Sciences, 1863-1887 Records. (Unknown). WorldCat record id: 78403445 ...

Samuelson, Paul A. (Paul Anthony), 1915-2009 (person)

Paul A. Samuelson (1915-2009) was a Nobel Prize-winning economist and professor at the Massachusetts Institute of Technology. From the description of Paul A. Samuelson papers, 1933-2010. (Duke University Library). WorldCat record id: 664246147 1915, May 15 Born in Gary, Indiana, son of Russian-born parents Frank Samuelson and Ella Lipton 1932 ...

Ando, Albert (person)

Drèze, Jacques H. (person)

International economic association (corporateBody)

Miller, Merton H. (person)

Merton Howard Miller (1923-2000) was an economist who won the Nobel Prize for his groundbreaking research in corporate finance. Born in Boston, Massachusetts, Miller attended Harvard University (A.B., 1944). In the mid- to late 1940s, Miller worked as an economist for the United States Treasury Department's Division of Tax Research, and the Division of Research and Statistics of the Board of Governors of the Federal Reserve System. He earned a Ph.D. from Johns Hopkins University in ...

Tobin, James, 1918-2002 (person)

James Tobin, Nobel laureate and long-time professor of economics at Yale University, was born in Champaign, Illinois, in 1918. In 1939, he graduated from Harvard University, where he also obtained his master's degree in 1940 and his Ph.D. in 1947. He worked in the Office of Price Administration and on the Civilian Supply and War Production Board before enlisting in the navy in 1941 and serving as an officer aboard the USS Kearney. Tobin began his career at Yale in 1950 as an associate professor,...

Modigliani, Serena. (person)

Bossons, John D., 1936- (person)