Merton Miller

Merton Miller
Born(1923-05-16)May 16, 1923
DiedJune 3, 2000(2000-06-03) (aged 77)
NationalityAmerican
EducationHarvard University
Johns Hopkins University
Academic career
FieldEconomics
InstitutionCarnegie Mellon University
University of Chicago
London School of Economics
School or
tradition
Chicago School of Economics
Doctoral
advisor
Fritz Machlup
Doctoral
students
Eugene Fama
William Poole
ContributionsModigliani–Miller theorem
AwardsNobel Memorial Prize in Economic Sciences (1990)
Information at IDEAS / RePEc

Merton Howard Miller (May 16, 1923 – June 3, 2000) was an American economist, and the co-author of the Modigliani–Miller theorem (1958), which proposed the irrelevance of debt-equity structure. He shared the Nobel Memorial Prize in Economic Sciences in 1990, along with Harry Markowitz and William F. Sharpe. Miller spent most of his academic career at the University of Chicago's Booth School of Business.