Robert C. Merton and the Science of Finance

Zvi Bodie, Professor Emeritus, Boston University pays tribute to Prof Merton’s work:

In my view, no individual has contributed more to the beneficial relationship between finance theory and practice than Robert C. Merton. Today, he still teaches at MIT and often lectures around the world. Not only has “The Mertonian Revolution in Finance” helped shape modern finance, it has also provided
us with insights, theories, and models for our collective future. The title of one of Merton’s recent lectures to an audience in China describes his central theme: “Solving Global Challenges Using Finance Science.”To that I say, amen! 

My earlier piece on Prof Merton’s new project on designing financial solutions for retirement..

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