See Also: displace(dictionary)
displace(dictionary)
Modigliani, Amedeo(encyclopedia)
Modigliani, Franco(encyclopedia)
Modigliani, Amedeo(dictionary)
Modigliani and Miller Proposition I(money)
Modigliani and Miller Proposition II(money)
Modigliani Inversiones, SICAV, S.A.(finance)
Modigliani and Miller Proposition I(finance)

Modigliani, Franco (sh) and displace (iou)


Modigliani, Franco (sh)




born June 18, 1918, Rome, Italy
died Sept. 25, 2003, Cambridge, Mass., U.S.

Italian-born U.S. economist.

He fled fascist Italy for the U.S. in 1939 and earned a doctorate from the New School for Social Research in 1944. He taught at several universities, including the Massachusetts Institute of Technology (1962-88; thereafter professor emeritus). His work on personal savings prompted him to formulate the life-cycle theory, which asserts that individuals build up savings during their younger working lives for use during their own old age and not as an inheritance for their descendants. In order to analyze financial markets, he invented a technique for calculating the value of a company's expected future earnings that became a basic tool in corporate decision making and finance. He received the Nobel Prize in 1985.


displace (iou)



displace verb trans. M16.
[Partly from DIS- 2 + PLACE noun1; partly after French desplacer (now de-), from des- DIS- 1, 2 + PLACE noun1, placer verb to place. Cf. DEPLACE.]
Move from its proper or usual place. M16.
displaced person: removed from his or her Home country by military events or political pressure.
b. fig. Remove, banish. L16-L17.
Remove from office. M16.
Replace with something else; take the place of, supplant. L18.
A. Christie She displaced Midge from the sofa, settled Gerda there. J. Barzun The notion of helping a child has..displaced that of teaching him.
displacea'bility noun L19.
displaceable adjective L17.
displacer noun L16.