Milton Friedman Quotes
Biography
Milton Friedman (1912-2006) was an influential American economist and statistician, best known for his strong belief in free-market capitalism. In 1976, he received the Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history, and the complexity of stabilization policy. more
Milton Friedman (1912-2006) was an influential American economist and statistician, best known for his strong belief in free-market capitalism. In 1976, he received the Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history, and the complexity of stabilization policy. His seminal work, "A Monetary History of the United States, 1867–1960," co-authored with Anna Schwartz, profoundly impacted monetary policy. Friedman also authored "Capitalism and Freedom" (1962), where he argued for minimal government intervention in the economy. Additionally, he developed the permanent income hypothesis, reshaping understanding of consumer behavior. Friedman's role as a public intellectual extended to his column in Newsweek and the TV series "Free to Choose." less
