The architects of the Modigliani-Miller theorem came from opposing political-economic camps

Evidence

Modigliani, a refugee from Italian fascism, was broadly a Keynesian. Miller’s mentor “a great influence in my life and in bringing me … to serious modern economics” (Miller interview) was George Stigler, a University of Chicago colleague, ally, and close friend of Milton Friedman. (For example, Stigler and Friedman had traveled together in 1947 to the initial meeting of the Mont Pelerin Society, crossing the Atlantic by ocean liner and stopping off in London and Paris.) — Donald MacKenzie, An Engine, Not a Camera, 171

Categorization

• XREF: The Mont Pelerin Society connection ties the genealogy of financial theory to the broader neoliberal intellectual network. — connects to: Ideological logic makes the camps coherent rather than senseless — Hannah Arendt, The Origins of Totalitarianism, 1027

Broader Connections

• Ideological logic makes the camps coherent rather than senseless #expands (0.78) — Hannah Arendt, The Origins of Totalitarianism, 1027