Franco Modigliani - Prize Lecture: Life Cycle, Individual Thrift and the Wealth of Nations
Franco Modigliani was an Italian economist naturalized American, a professor at the MIT Sloan School of Management and MIT Department of Economics who won the Nobel Memorial Prize in Economics in 1985.                                             


This paper provides a review of the theory of the determinants of individualand national thrift that has come to be known as the Life Cycle Hypothesis(LCH) of saving.