Merton H. Miller Biography, Age, Weight, Height, Friend, Like, Affairs, Favourite, Birthdate & Other

Merton Howard Miller was an American economist known for his contribution to the theory of finance. Born into a Jewish emigrant family in the early 1920s, most of his formative years were spent during the Great Depression. Despite the odds, his parents made sure he got the best education. An alumnus of the Boston Latin School and Harvard University, he spent the Second World War years working for the U.S. Treasury Department.

Later he earned his PhD from John Hopkins University and after a one-year stint at the London School of Economics, he joined Carnegie Institute of Technology at Pittsburg. There he met Franco Modigliani and with him he co-wrote the Modigliani-Miller theorem, which opened a new vista in the field of corporate finance. Thereafter, he joined the faculty of the University of Chicago, where he continued working on corporate finance.

However, from the early 1980s, his research interest shifted to the regulatory as well as financial problems faced by the financial services industry. Ten years before his death from cancer, while he was still a professor at Chicago University, Miller was awarded a share of the Nobel Memorial Prize in Economic Sciences for his pioneering work in the theory of financial economics.