Franco Modigliani was an Italian-American economist and the recipient of the 1985 Nobel Memorial Prize in Economics. He was a professor at University of Illinois at Urbana–Champaign, Carnegie Mellon University, and MIT Sloan School of Management. The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1985, announced October 15, 1985. Franco Modigliani, “for his pioneering analyses of saving and of financial markets”. Franco Modigliani: born 1918, Rome, Italy. Wiki link Data: the Nobel Foundation (CC0).