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===Early life and education=== Scholes was born to a [[American Jews|Jewish]] family<ref>[https://www.jewishvirtuallibrary.org/jsource/biography/scholes.html Jewish Virtual Library: "Myron Scholes"] retrieved March 29, 2015</ref> on July 1, 1941, in [[Timmins]], [[Ontario]], where his family had moved during the [[Great Depression]]. In 1951 the family moved to [[Hamilton, Ontario]].<ref name="nobelbio">{{Nobelprize|accessdate=2020-10-11}}</ref> Scholes was a good student<ref name="nobelbio"/> although fighting with his impaired vision starting with his teens until finally getting an operation when he was twenty-six. Through his family, he became interested in economics early, as he helped with his uncles' businesses and his parents helped him open an account for investing in the [[stock market]] while he was in high school. After his mother died from cancer, Scholes remained in Hamilton for undergraduate studies and earned a [[Bachelor's degree]] in economics from [[McMaster University]] in 1962. One of his professors at McMaster introduced him to the works of [[George Stigler]] and [[Milton Friedman]], two [[University of Chicago]] economists who would later both win Nobel prizes in economics. After receiving his B.A. he decided to enroll in graduate studies in economics at the University of Chicago. Here, Scholes was a colleague with [[Michael C. Jensen|Michael Jensen]] and [[Richard Roll]], and he had the opportunity to study with [[Eugene Fama]] and [[Merton Miller]], researchers who were developing the relatively new field of [[financial economics]]. He earned his [[MBA]] at the [[Booth School of Business]] in 1964 and his [[Doctor of Philosophy|Ph.D.]] in 1969 with a dissertation written under the supervision of Eugene Fama and Merton Miller.
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