Robert C. Merton

thumb|Robert C. Merton, 2006 Robert Cox Merton (born July 31, 1944) is an American economist, 1997 Nobel laureate in Economics with Myron Scholes, and professor at the MIT Sloan School of Management, known for his pioneering contributions to continuous-time finance, especially the first continuous-time option pricing model, the Black–Scholes formula. Quotes My decision to leave applied mathematics for economics was in part tied to the widely-held popular belief in the 1960s that macroeconomics had made fundamental inroads into controlling business cycles and stopping dysfunctional unemployment and inflation. Robert C. Merton, "Robert C. Merton - Biographical," at Nobelprize.org, 1997 External links Category:1944 births Category:Living people Category:Academics from the United States Category:Economists from the United States Category:Nobel laureates in Economics Category:Jews from the United States Category:People from New York City Category:Nobel laureates from the United States Category:Massachusetts Institute of Technology alumni Category:Harvard University faculty Category:Massachusetts Institute of Technology faculty Category:Columbia University alumni