Merton Miller, 1923, Year won 1990.
A genius is someone who is able to – a simple explanation to a complicated issue. How then would you call someone who managed to simplify an economic theory and at the same time make us want to order pizza?
A genius is someone who is able to – a simple explanation to a complicated issue. How then would you call someone who managed to simplify an economic theory and at the same time make us want to order pizza?
Miller claimed that the value of a firm is unaffected by how that firm is financed, much like the size of a pizza is unaffected by the number of slices we divide it to.
He was born in 1923 in Boston to an educated Jewish family and graduated from Harvard university. He taught in Chicago university for over 40 years.
In 1990 he was awarded a Nobel Prize in economy. He died seven years later, leaving hundreds of followers who maintained his heritage: logic, truth – and surprising metaphors about delicious pastries.
