Lecture to the memory of Alfred Nobel, December 7, 1990 Leverage Pdf 116 kB

I was born in Boston, Massachusetts on May 16, 1923, the only child of Joel and Sylvia Miller. My father, an attorney, was a graduate of Harvard University (A.B. 1916) and in that one respect, at least, I followed in his footsteps, entering Harvard in 1940 and graduating in 1943 (A.B., magna cum laude, Class…

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I was born in New York, New York, on July 31, 1944, the middle child between two sisters, Stephanie and Vanessa. I grew up in Hastings-on-Hudson, a village of about 8000 outside the city, in a house that Vanessa and her family live in today. My father, born in Philadelphia the son of immigrant parents,…

Interview with Eugene F. Fama on 6 December 2013 during the Nobel Week in Stockholm, Sweden. Could you explain your awarded work for young students? Eugene F. Fama: If I would explain my work, I started back in 1962 working on the general topic is how do prices incorporate new information. It’s called the efficient…

My grandparents on both sides immigrated to the United States from Sicily in the early 1900s, so I am a third generation Italian-American. The sec ond generation, my parents and aunts and uncles, were intelligent people, but they reached maturity at the start of the Great Depression, when there were few opportunities, so all worked…

Becoming an economist: From early preparation to my new direction For decades, my research was driven by outstanding problems in macroeconomics: mainly growth theory and employment theory. Then, around 1990, my research turned to the study of economic systems and my development as an economist took on added dimensions. This biography will start with my…

Nobel Prize Talks: Eugene F. Fama Released 2014-01-23 Eugene Fama, 2013 Laureate in Economic Sciences, was the first in his family to go to college. The initial plan was to be a teacher in Romance languages and a sports coach. But then he went to a lecture in Economics and everything changed. Today he is…

Your Majesties, Your Royal Highnesses, Your Excellencies, Honored Laureates, Ladies and Gentlemen Let me begin by thanking the committee for granting this year’s prize in Economic Sciences to me, my colleague Lars Peter Hansen, and Robert Shiller. I have learned much over the years from Lars’s work and from listening to his…