Merton Miller

American economist

Merton Howard Miller (May 16, 1923 – June 3, 2000) was an American economist, professor, and author. Merton Miller was born in Boston, Massachusetts on May 16, 1923. He graduated with a bachelor's degree from Harvard University in 1944 and earned a Ph.D. in 1952 from Johns Hopkins University. He co-created the Modigliani–Miller theorem (1958). He shared the Nobel Memorial Prize in Economic Sciences in 1990, along with Harry Markowitz and William F. Sharpe. He spent most of his career with the University of Chicago's Booth School of Business.[1][2]

Merton Miller
Born(1923-05-16)May 16, 1923
DiedJune 3, 2000(2000-06-03) (aged 77)
NationalityUnited States
InstitutionCarnegie Mellon University
University of Chicago
London School of Economics
School or
Chicago School of Economics
Alma materHarvard University
Johns Hopkins University
Fritz Machlup
Eugene Fama
William Poole
ContributionsModigliani–Miller theorem
AwardsNobel Memorial Prize in Economic Sciences (1990)
Information at IDEAS / RePEc

Miller is the author of several books including, Merton Miller on Derivatives and Financial Innovations and Market Volatility.


  1. "Merton H. Miller". The Notable Names Database. 2008. Retrieved 2008-09-18.
  2. Encyclopedia of American Jewish history. Norwood, Stephen H. (Stephen Harlan), 1951-, Pollack, Eunice G. Santa Barbara, Calif.: ABC-CLIO. 2008. ISBN 978-1851096381. OCLC 174966865.{{cite book}}: CS1 maint: others (link)