About Milton Friedman
Milton Friedman - Biography
Milton Friedman was a renowned economist known for his strong belief in free-market capitalism and his influential work on monetary policy.
Milton Friedman was born on July 31, 1912, in Brooklyn, New York, to Jewish immigrant parents. He became one of the most influential economists of the 20th century, advocating for free-market capitalism and limited government intervention. Friedman was awarded the Nobel Prize in Economic Sciences in 1976 for his research on consumption analysis, monetary history, and the complexity of stabilization policy. His works, including 'Capitalism and Freedom' and 'A Monetary History of the United States,' have left a lasting impact on economic thought and policy.
Learn from Milton when you're...
- Designing or evaluating monetary-policy rules
- Interpreting historical episodes in macroeconomics
- Crafting market-oriented reforms in education, taxation, or welfare
- Modeling or teaching consumption and household behavior
- Debating the long-run trade-offs of inflation and unemployment
- Communicating economics to nontechnical audiences or policymakers
- Evaluating the limits of fiscal fine-tuning and government intervention
- Developing empirical macroeconomic research
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