---
title: "3 Franco Modigliani Quotes - Famous Economist"
description: "Italian-American economist (1918–2003)... | Franco Modigliani was an Italian-American economist and the recipient of the 1985 Nobel Memorial Prize in Ec..."
image: "https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b095/author-franco-modigliani-81094.jpg"
---

![Portrait of Franco Modigliani](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b095/author-franco-modigliani-81094.jpg)

# Franco Modigliani

(1918–2003)   Economist

 **3** quotes in **35** categories

Rate this collection:  ★ ★ ★ ★ ★   No ratings yet

Franco Modigliani was an economist.

## Quick Facts About Franco Modigliani

Born June 18, 1918

Died September 25, 2003

Profession Economist

## About Franco Modigliani

Italian-American economist (1918–2003)... \| 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.

##  Quotes by Franco Modigliani

> [A situation where people can grow old without having a job that rewards them individually while adding to the collective well-being is…](https://sms4smile.com/quotes/franco-modigliani/a-situation-where-people-can-grow-old-without-having-a-job-that/)

[Franco Modigliani](https://sms4smile.com/quotes/author/franco-modigliani/)

[Collectives](https://sms4smile.com/quotes/about/collectives/)

[Image](https://sms4smile.com/quotes/i/9b0/franco-modigliani-81094_collectives_a-situation-where-people-can-grow-old-wi_2706910.png)

> [Is it important that the rent of land be retained as a source of government revenue. Some persons who could make excellent…](https://sms4smile.com/quotes/franco-modigliani/is-it-important-that-the-rent-of-land-be-retained-as-a-source-of/)

[Franco Modigliani](https://sms4smile.com/quotes/author/franco-modigliani/)

[Access](https://sms4smile.com/quotes/about/access/)

[Image](https://sms4smile.com/quotes/i/3c0/franco-modigliani-81094_access_is-it-important-that-the-rent-of-land-be_2948548.jpg)

> [High leverage is unsafe, not just for a company but the entire economy... LBOs are reducing the safety. Management loses the power…](https://sms4smile.com/quotes/franco-modigliani/high-leverage-is-unsafe-not-just-for-a-company-but-the-entire-economy/)

[Franco Modigliani](https://sms4smile.com/quotes/author/franco-modigliani/)

[Business](https://sms4smile.com/quotes/about/business/)

[Image](https://sms4smile.com/quotes/i/7ca/franco-modigliani-81094_business_high-leverage-is-unsafe-not-just-for-a-c_3112308.png)

```json
{
    "@context": "https://schema.org",
    "@graph": [
        {
            "@type": "ItemList",
            "@id": "https://sms4smile.com/quotes/author/franco-modigliani/#itemlist",
            "name": "Franco Modigliani Quotes",
            "numberOfItems": 3,
            "itemListElement": [
                {
                    "@type": "ListItem",
                    "position": 1,
                    "item": {
                        "@type": "Quotation",
                        "text": "A situation where people can grow old without having a job that rewards them individually while adding to the collective well-being is morally unacceptable.",
                        "creator": {
                            "@type": "Person",
                            "name": "Franco Modigliani"
                        },
                        "url": "https://sms4smile.com/quotes/franco-modigliani/a-situation-where-people-can-grow-old-without-having-a-job-that/",
                        "image": {
                            "@type": "ImageObject",
                            "@id": "https://sms4smile.com/quotes/i/9b0/franco-modigliani-81094_collectives_a-situation-where-people-can-grow-old-wi_2706910.png",
                            "contentUrl": "https://sms4smile.com/quotes/i/9b0/franco-modigliani-81094_collectives_a-situation-where-people-can-grow-old-wi_2706910.png",
                            "url": "https://sms4smile.com/quotes/i/9b0/franco-modigliani-81094_collectives_a-situation-where-people-can-grow-old-wi_2706910.png",
                            "width": 1080,
                            "height": 1080,
                            "caption": "“A situation where people can grow old without having a job that rewards them individually while adding to…” — Franco Modigliani",
                            "creditText": "SMS4Smile Quotes",
                            "creator": {
                                "@id": "https://sms4smile.com/quotes/#organization"
                            }
                        }
                    }
                },
                {
                    "@type": "ListItem",
                    "position": 2,
                    "item": {
                        "@type": "Quotation",
                        "text": "Is it important that the rent of land be retained as a source of government revenue. Some persons who could make excellent use of land would be unable to raise money for the purchase price. Collecting rent annually provides access to land for persons with limited access to credit.",
                        "creator": {
                            "@type": "Person",
                            "name": "Franco Modigliani"
                        },
                        "url": "https://sms4smile.com/quotes/franco-modigliani/is-it-important-that-the-rent-of-land-be-retained-as-a-source-of/",
                        "image": {
                            "@type": "ImageObject",
                            "@id": "https://sms4smile.com/quotes/i/3c0/franco-modigliani-81094_access_is-it-important-that-the-rent-of-land-be_2948548.jpg",
                            "contentUrl": "https://sms4smile.com/quotes/i/3c0/franco-modigliani-81094_access_is-it-important-that-the-rent-of-land-be_2948548.jpg",
                            "url": "https://sms4smile.com/quotes/i/3c0/franco-modigliani-81094_access_is-it-important-that-the-rent-of-land-be_2948548.jpg",
                            "width": 1080,
                            "height": 1080,
                            "caption": "“Is it important that the rent of land be retained as a source of government revenue. Some persons who could…” — Franco Modigliani",
                            "creditText": "SMS4Smile Quotes",
                            "creator": {
                                "@id": "https://sms4smile.com/quotes/#organization"
                            }
                        }
                    }
                },
                {
                    "@type": "ListItem",
                    "position": 3,
                    "item": {
                        "@type": "Quotation",
                        "text": "High leverage is unsafe, not just for a company but the entire economy... LBOs are reducing the safety. Management loses the power to do many things. It has no margin for error and less margin for additional risk.",
                        "creator": {
                            "@type": "Person",
                            "name": "Franco Modigliani"
                        },
                        "url": "https://sms4smile.com/quotes/franco-modigliani/high-leverage-is-unsafe-not-just-for-a-company-but-the-entire-economy/",
                        "image": {
                            "@type": "ImageObject",
                            "@id": "https://sms4smile.com/quotes/i/7ca/franco-modigliani-81094_business_high-leverage-is-unsafe-not-just-for-a-c_3112308.png",
                            "contentUrl": "https://sms4smile.com/quotes/i/7ca/franco-modigliani-81094_business_high-leverage-is-unsafe-not-just-for-a-c_3112308.png",
                            "url": "https://sms4smile.com/quotes/i/7ca/franco-modigliani-81094_business_high-leverage-is-unsafe-not-just-for-a-c_3112308.png",
                            "width": 1080,
                            "height": 1080,
                            "caption": "“High leverage is unsafe, not just for a company but the entire economy... LBOs are reducing the safety…” — Franco Modigliani",
                            "creditText": "SMS4Smile Quotes",
                            "creator": {
                                "@id": "https://sms4smile.com/quotes/#organization"
                            }
                        }
                    }
                }
            ]
        },
        {
            "@type": "Person",
            "@id": "https://sms4smile.com/quotes/author/franco-modigliani/#person",
            "name": "Franco Modigliani",
            "url": "https://sms4smile.com/quotes/author/franco-modigliani/",
            "image": "https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b095/author-franco-modigliani-81094.jpg",
            "description": "Italian-American economist (1918–2003)... | 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."
        },
        {
            "@type": "ProfilePage",
            "@id": "https://sms4smile.com/quotes/author/franco-modigliani/#webpage",
            "url": "https://sms4smile.com/quotes/author/franco-modigliani/",
            "name": "Franco Modigliani",
            "isPartOf": {
                "@id": "https://sms4smile.com/quotes/#website"
            },
            "mainEntity": {
                "@id": "https://sms4smile.com/quotes/author/franco-modigliani/#person"
            },
            "primaryImageOfPage": {
                "@id": "https://sms4smile.com/quotes/i/9b0/franco-modigliani-81094_collectives_a-situation-where-people-can-grow-old-wi_2706910.png"
            },
            "description": "Italian-American economist (1918–2003)... | Franco Modigliani was an Italian-American economist and the recipient of the 1985 Nobel Memorial Prize in Ec...",
            "breadcrumb": {
                "@id": "https://sms4smile.com/quotes/author/franco-modigliani/#breadcrumb"
            }
        },
        {
            "@type": "BreadcrumbList",
            "@id": "https://sms4smile.com/quotes/author/franco-modigliani/#breadcrumb",
            "itemListElement": [
                {
                    "@type": "ListItem",
                    "position": 1,
                    "name": "Home",
                    "item": "https://sms4smile.com/"
                },
                {
                    "@type": "ListItem",
                    "position": 2,
                    "name": "Quotes",
                    "item": "https://sms4smile.com/quotes/"
                },
                {
                    "@type": "ListItem",
                    "position": 3,
                    "name": "Authors",
                    "item": "https://sms4smile.com/quotes/authors/"
                },
                {
                    "@type": "ListItem",
                    "position": 4,
                    "name": "Franco Modigliani",
                    "item": "https://sms4smile.com/quotes/author/franco-modigliani/"
                }
            ]
        },
        {
            "@type": "WebSite",
            "@id": "https://sms4smile.com/quotes/#website",
            "name": "SMS4Smile Quotes",
            "url": "https://sms4smile.com/quotes/",
            "publisher": {
                "@id": "https://sms4smile.com/quotes/#organization"
            }
        },
        {
            "@type": "Organization",
            "@id": "https://sms4smile.com/quotes/#organization",
            "name": "SMS4Smile Quotes",
            "url": "https://sms4smile.com/quotes/",
            "logo": {
                "@type": "ImageObject",
                "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png",
                "width": 512,
                "height": 512
            }
        }
    ]
}
```
