died 2000
Merton Miller was an influential American economist known for his groundbreaking work in the field of finance and for being a co-recipient of the Nobel Prize in Economic Sciences in 1990. He is best known for his contributions to the development of the Modigliani-Miller theorem, which laid the foundation for modern corporate finance by demonstrating that under certain conditions, a firm's value is unaffected by its capital structure. Miller's work has had a profound impact on both theoretical and practical aspects of finance.