This book provides an overview of Modigliani's life, explains and assesses his most influential theories, and explores his continuing relevance today. It contains: a comprehensive overview of Franco Modigliani's life and work; a detailed analysis of all of Modigliani's main theories; and an exploration of Modigliani's development of Keynesian economics. The influential theories which are examined include Modigliani's contribution to the Keynesian consumption hypothesis, corporate invariance hypothesis, stabilization policies, and econometric model building.

Starting with an overview of Modigliani's life, the authors explain and assess his influential theories, including his theory of the life-cycle hypothesis of saving; the famous Modigliani-Miller theorem in corporate finance; stabilisation policy; econometric model building and forecasting, and his legacy and influence on contemporary economics.