Stephen Alan "Steve" Ross (February 3, 1944 – March 3, 2017) [1] was the inaugural Franco Modigliani Professor of Financial Economics at the MIT Sloan School of Management after a long career as the Sterling Professor of Economics and Finance at the Yale School of Management.
[3] He received his BS with honors from Caltech in 1965 where he majored in physics, and his PhD in economics from Harvard in 1970, and taught at the University of Pennsylvania, Yale School of Management, and MIT.
[4] Ross also introduced a rigorous modeling of the agency problem in 1973, as seen from the principal's standpoint.
[9] Ross chaired the theses of a number of prominent economists, including John Y. Campbell, Douglas Diamond, Philip H. Dybvig, and William N.
[10] Two of his students, Douglas Diamond and Philip H. Dybvig, won the Nobel Memorial Prize in Economic Sciences in 2022.