A Conversation with Nobel Laureate Myron S. Scholes, PhD

12 Pages Posted: 1 Nov 2010


Known as one of the primary architects of the Black-Scholes model, Myron S. Scholes applied his love of economic research to developing a fundamental tool of valuation that would become the standard in financial markets around the world. Together with fellow pioneers Fischer Black and Robert C. Merton, he laid the foundation that made the growth of the derivatives markets possible. The methodology behind the option pricing theory has been extended to provide the basis for the development of economic valuation in many other areas as well as the creation of new types of financial investments and opened new areas of research, both within and outside the field of economics. In 1997, Dr. Scholes’ work was recognized, along with that of Robert Merton, with the Nobel Memorial Prize in Economic Sciences.

In late October 2009, Dr. Scholes spoke with members of the Journal of Investment Consulting’s Editorial Advisory Board about his love of economics and economic research, his thoughts about dealing with crisis and regulation in the markets, and expanding roles for advisors and consultants in the future.

Keywords: Myron Scholes, option pricing theory

JEL Classification: E21, G10, G11

Suggested Citation

Institute, Investments & Wealth, A Conversation with Nobel Laureate Myron S. Scholes, PhD. Journal of Investment Consulting, Vol. 11, No. 1, pp. 6-17, 2010, Available at SSRN: https://ssrn.com/abstract=1690711

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