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Milton Friedman

Milton Friedman

Milton Friedman was an American economist, statistician and writer who taught at the University of Chicago for more than three decades. He received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the complexity of stabilization policy. Friedman's challenges to what he later called "naive Keynesian" theory began with his 1950s reinterpretation of the consumption function, and he became the main advocate opposing Keynesian government policies. In the late 1960s, he described his own approach as using "Keynesian language and apparatus" yet rejecting its "initial" conclusions. During ... more on Wikipedia

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