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For an interesting interview with Merton Miller about his work, see: P.
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Levich, Merton Miller, and Jay R.
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See Merton Miller, “Debt and Taxes,” Journal of Finance (May 1977).
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The Modigliani–Miller theorem (of Franco Modigliani, Merton Miller) is an influential element of economic theory; it forms the basis for modern thinking on capital structure.
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In 1990 he won the Nobel Prize in Economic Sciences along with Harry Markowitz and Merton Miller.
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Along with Merton Miller, he formulated the important Modigliani–Miller theorem in corporate finance (1958).
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The Economic Margin framework is grounded in the widely agreed theories of Nobel price winning Merton Miller and Franco Modigliani.
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Due to his contributions to financial economics he was rewarded with the Nobel Prize in Economic Sciences in 1990 along with William Sharpe and Merton Miller.
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Merton Miller’s largest contribution to the financial field was the Modigliani-Miller theorem, formulated along with Franco Modigliani, and which demonstrates that under certain conditions, a firm ́s value will remain unchanged, independently of whether equity or debt financing is used.
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Needless to say, the expenses of the magazine were not fully covered by this support, which is why many other artists contributed to sustain it: Agustí Bartra, Ernesto Cardenal, Thomas Merton, Julio Cortázar, Norman Mailer, Henry Miller and Samuel Beckett were only a few of the many who donated money.
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