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Istituto di Studi Economici e per l'Occupazione
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Franco Modigliani
1918-2018 Franco Modigliani's Legacy in the World Economy
Iseo and surroundings, 21-30 June 2018

One-hundred years after the birth of Franco Modigliani (1918-2018), the I.S.E.O Institute – Institute for Studies on Economics and Employment – is paying tribute to its founder, one of the most renowned and appreciated economists in the world. In 1985, he was the only Italian in history to receive a Nobel Prize in Economic Sciences for his "pioneering analyses of saving and of financial markets".

During his life, Modigliani actively participated in debates on economic policies and labour markets. Even after moving to the United States in 1939, due to the Jewish persecutions, Franco remained an observant critic of the Italian economy. His colleague and friend Paul Samuelson has defined him as "the greatest living economist" and some others as "one of the brightest brains that Hitler offered the United States". Indeed, some of his former alumni (such as Mario Draghi, president ECB) are today well-known and influential economists all over the world.

In 1998, during one of his many trips to Italy, Franco Modigliani founded the Institute for Studies on Economics and Employment in Iseo (Northern Italy). He led the non-profit association right until his death in 2003, promoting major international conferences that gave birth to crucial manifestos, in particular the "Manifesto on Unemployment" in the EU.

In 2018, one-hundred years after his birth, the I.S.E.O Institute remembers its founding figure by organizing debates, seminars, conferences and a prestigious Summer School reserved for the most promising economists from all over the world. Events will take place in Northern Italy (between Iseo, Franciacorta region and the city of Brescia) during the period 21-30 June 2018, featuring Franco's Nobel colleagues as well as his well-known alumni who today are playing a key role in shaping global economic policies. A detailed programme of the event will be published soon.

To celebrate the 100th anniversary from the birth of its founder, the I.S.E.O Institute is delighted to share some precious documents about Modigliani's life and work. Here below you can download the press release published by the Swedish Royal Academy in 1985 as well as Modigliani's lecture and speech made during the Nobel awarding ceremony. You can also find his autobiography and his "Manifesto on Unemployment in the European Union" launched in 1998 during the firt conference promoted by I.S.E.O.

Modigliani teaching

Modigliani's caricature
in front of Iseo town hall

Downloadable material

- Save the date Tribute to Modigliani 2018
- Nobel Lecture
- Autobiography by Franco Modigliani
- Press release Royal Swedish Academy
- Banquet speech
- An Economists' Manifesto on Unemployment in the European Union
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