The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1985
Born: 18 June 1918, Rome, Italy
Died: 25 September 2003, Cambridge, MA, USA
Affiliation at the time of the award: Massachusetts Institute of Technology (MIT), Cambridge, MA, USA
Prize motivation: "for his pioneering analyses of saving and of financial markets"
Contribution: Developed sub models of private consumption and the financial sector, studied the consequences for household saving of changes in demography and economic growth, and laid the foundation for the field "corporate finance".