Who is Myron Scholes from When Genius Failed and what is their importance?

Fames economist, Myron Scholes, is the son of an Ontario dentist. When he finished college, he worked at the University of Chicago as a computer programmer. Scholes developed the Black-Scholes Model with Fischer Black, a model that determines the economically correct price of a stock. He was hired by Meriwether to work at Long-Term, where his strengths were utilized in testing models. He, along with Merton, won the Nobel Prize for Economics in 1996.