CINXE.COM
Merton H. Miller
<html> <head> <title>Merton H. Miller</title> <meta name="googlebot" content="noodp"> <meta name="robots" content="noodp"> <link rel="apple-touch-icon-precomposed" href="/silly-nndb-icon.png" /><style type="text/css"> <!-- .fotmbar { color: #FFFFFF; text-decoration: none} .fotmbar:hover { color: #FFFFFF; text-decoration: underline} .newslink { color: #000000; text-decoration: none} .newslink:hover { color: #000000; text-decoration: none} .proflink { color: #000000; text-decoration: none} .proflink:hover { color: blue; text-decoration: underline} .b1f, .b2f, .b3f, .b4f {font-size:1px; overflow:hidden; display:block;} .b1f {height:1px; background:#e6e6e6; margin:0 5px;} .b2f {height:1px; background:#e6e6e6; margin:0 3px;} .b3f {height:1px; background:#e6e6e6; margin:0 2px;} .b4f {height:2px; background:#e6e6e6; margin:0 1px;} .contentf {background: #e6e6e6; padding: 2px; } .contentf div {margin-left: 5px;} --> </style></head> <body bgcolor=#ffffff> <center> <table cellpadding=0 cellspacing=0 border=0><tr><td valign=top><table width=550 cellpadding=0 cellspacing=0><tr><td bgcolor=white><table width="100%" cellpadding="4" cellspacing="0" background="/nndb.gif"> <tr> <td rowspan="2" align="left" valign="top"><a href="http://www.nndb.com/"><img src="/title.gif" width="260" height="50" border=0 alt="NNDB"></a></td> <td><table width="100%" cellspacing="0" cellpadding="6"> <tr align="center"> <td width="25%" nowrap><b><font size="-1" face="Verdana, Arial, Helvetica, sans-serif">This is a beta version of NNDB</font></b></td> </tr> </table></td> </tr> <tr> <td align="right" valign="middle"><b><font size="-1" face="Verdana, Arial, Helvetica, sans-serif"> <form action="http://search.nndb.com/search/nndb.cgi" method="get"> <input type="hidden" name="nndb" value="1"></input> <nobr>Search: <select name="omenu"> <option value="unspecified" selected>All Names</option> <option value="living">Living people</option> <option value="dead">Dead people</option> <option value="bands">Band Names</option> <option value="books">Book Titles</option> <option value="movies">Movie Titles</option> <option value="fulltext">Full Text</option> </select> for <input name="query" value="" size=24 maxlength=96> <input type=submit value="Search"> </font></b></nobr></form></td> </tr> </table> <!-- COPYRIGHT (C) 2008 SOYLENT COMMUNICATIONS --> <!-- ALL RIGHTS RESERVED --> <!-- NO PART OF THIS WEBSITE MAY BE REPRODUCED WITHOUT WRITTEN PERMISSION --> <!-- OF SOYLENT COMMUNICATIONS (ON THE WEB, IN PRINT, OR OTHERWISE) --> <!-- --> <!-- SOYLENT COMMUNICATIONS --> <!-- PO BOX 4436, MOUNTAIN VIEW CA 94040 USA --> </td></tr><tr><td bgcolor=red height=2></td></tr><map name=fool><area coords="102,0,240,14" href="/people/174/000159694/bibliography/" alt="bibliography"></map><tr bgcolor=F0F0F0><td bgcolor=F0F0F0 style="padding: 0px 15px 15px 15px;"><img src="/red-profile-2.gif" align="right" height=15 width=240 border=0 usemap=#fool><br clear="all"><table cellpadding=0 cellspacing=0 width=100%><tr><td bgcolor=F0F0F0><font size=+3 face="Verdana, Arial, Helvetica, sans-serif"><b>Merton H. Miller</b></font><p><b>AKA</b> Merton Howard Miller<p><b>Born:</b> <a href="/lists/654/000106336/" class=proflink>16-May</a>-<a href="/lists/922/000105607/" class=proflink>1923</a><br><b>Birthplace:</b> <a href="/geo/430/000069223/" class=proflink>Boston, MA</a><br><b>Died:</b> <a href="/lists/041/000106720/" class=proflink>3-Jun</a>-<a href="/lists/510/000106192/" class=proflink>2000</a><br><b>Location of death:</b> <a href="/geo/457/000069250/" class=proflink>Chicago, IL</a><br><b>Cause of death:</b> unspecified<br><p><b>Gender:</b> Male<br><b>Race or Ethnicity:</b> White<br><b>Sexual orientation:</b> Straight<br><b>Occupation:</b> <a href="/lists/181/000068974/" class=proflink>Economist</a><p><b>Nationality:</b> United States<br><b>Executive summary:</b> Modigliani-Miller theorem<p>Merton H. Miller, working with <a href="/people/459/000159979/">Franco Modigliani</a>, developed the Modigliani-Miller theorem of corporate finance. With <a href="/people/172/000159692/">Harry M. Markowitz</a> and <a href="/people/204/000159724/">William F. Sharpe</a>, Miller was awarded the Nobel Prize in Economics in 1990.<p><b>Father:</b> Joel Miller (attorney)<br><b>Mother:</b> Sylvia Miller<br><b>Wife:</b> Eleanor Miller (d. 1969)<br><b>Wife:</b> Katherine Miller<br><p> University: <a href="/edu/473/000068269/">BA, Harvard University (1943)</a><br> University: <a href="/edu/633/000068429/">PhD Economics, Johns Hopkins University (1952)</a><br> Teacher: <a href="/edu/570/000079333/">Economics, London School of Economics (1952-53)</a><br> Teacher: <a href="/edu/530/000068326/">Economics, Carnegie Mellon University (1953-61)</a><br> Professor: <a href="/edu/520/000068316/">Economics, University of Chicago (1961-2000)</a><br> Professor: <a href="/edu/915/000104603/">Economics, University of Louvain (1966-67)</a><br><p> <a href="/honors/183/000067979/">Nobel Prize for Economics</a> 1990 (with <a href="/people/172/000159692/">Harry M. Markowitz</a> and <a href="/people/204/000159724/">William F. Sharpe</a>)<br> <a href="/gov/084/000127700/">US Treasury Department</a> Economist (1944-49)<br> Member of the Board of <a href="/company/011/000124636/">Chicago Board of Trade</a> (1983-85)<br> Member of the Board of <a href="/company/675/000119318/">Chicago Mercantile Exchange</a> (1990-2000)<br> <a href="/org/811/000055646/">American Academy of Arts and Sciences</a> <br> <a href="/org/059/000103747/">American Economic Association</a> <br> <a href="/org/351/000117000/">American Finance Association</a> <br> <a href="/org/791/000107470/">Econometric Society</a> <br><p> <b>Author of books:</b><br> <i>The Theory of Finance</i> (<tt>1972</tt>, with Eugene F. Fama)<br><i>Macroeconomics: A Neoclassical Introduction</i> (<tt>1986</tt>, with Charles W. Upton)<br><i>Merton Miller on Derivatives</i> (<tt>1997</tt>)<br><p> <br> <p> <table> <tr> <td align=right valign=middle style="padding-right: 5px;"><span style="font-family: Georgia, serif; font-size: 22px; font-style: italic; color: #ff3333;">New!</span><br> <a href="http://mapper.nndb.com/" class="fotmlink" style="font-family: Tahoma, sans-serif; font-size: 10px; font-weight: bold; text-decoration: none; color: #dd0000;">NNDB MAPPER</a></td> <td valign=middle align=right style="border-left: 1px solid #bbb; padding-left: 5px;">Create a map starting with</td> <td valign=middle align=right><a href="http://mapper.nndb.com/start/?id=159694"><img src="/man.gif" border=0 style="padding: 2px;"></a></td> <td align=left valign=middle> <a href="http://mapper.nndb.com/start/?id=159694">Merton H. Miller</a></td> </tr> </table> <font face="Trebuchet MS, arial, helvetica, sans-serif" size="-2">Requires Flash 7+ and Javascript.</font> <br><br><p> <font size=-1>Do you know something we don't?</font><br> <font size=-1><a href="http://commentary.nndb.com/submit/feedback/?id=159694" rel="nofollow">Submit a correction or make a comment about this profile</a></font><br> <p> <br><br><p><font size=-1>Copyright ©2019 Soylent Communications</font><p> </td></tr></table> </td></tr> </table> </td> <td width=180 align="center" valign="top" style="padding: 0px 0px 8px 25px;"></td></tr> </table> </center> </body> </html>