Arbitrage proof has since been widely used throughout finance and economics.
More Quotes from Merton Miller:
Franco and I were both working on the problem, but from somewhat different perspectives - he from macroeconomics and me from corporate finance.Merton Miller
As an economics undergraduate, I also worked on a part-time basis in Cambridge, Massachusetts, for a company that was advising customers about portfolio decisions, writing reports.
Merton Miller
Another is, if you take money out of your left pocket and put it in your right pocket, you're no richer.
Merton Miller
I was born in Boston, Massachusetts on May 16, 1923, the only child of Joel and Sylvia Miller.
Merton Miller
My main interest, however, was in economics, not law.
Merton Miller
What counts is what you do with your money, not where it came from.
Merton Miller
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