Changes

Jump to navigation Jump to search
148 bytes removed ,  00:52, October 1, 2021
no edit summary
Line 1: Line 1:  
[[Image:Trw6543.jpg|right|thumb|Milton Friedman]]
 
[[Image:Trw6543.jpg|right|thumb|Milton Friedman]]
   −
'''Milton Friedman''' (July 31, 1912 – November 16, 2006) was a [[Nobel Prize]] winning [[libertarian]] [[economist]] who emphasized freedom. He was a leader of the  [[Chicago School of Economics]] and made the [[University of Chicago]] the leading center for [[conservative]] economics. He was the favorite economist of many conservatives (including [[Ronald Reagan]]), in part because nearly all other economists have been [[liberal]]. Friedman was an early advocate of [[School choice|free choice in education]], such that parents could spend their school tax dollars on the school of their choice.<ref>[http://www.ideachannel.tv/ "Free to Choose" (1980)]</ref>  Friedman received the 1976 [[Nobel Prize]] for [[economics]] "for his achievements in the fields of consumption analysis, monetary history and theory and for his demonstration of the complexity of stabilization policy".<ref>[https://www.nobelprize.org/prizes/economic-sciences/1976/friedman/facts/ Milton Friedman], ''The Nobel Prize'', accessed June 16, 2020</ref>
+
Milton Friedman was an American [[Economist]] and [[Statistician]] who 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. With [[George Stigler]] and others, Friedman was among the intellectual leaders of the Chicago school of economics, a [[Neoclassical]] school of economic thought associated with the work of the faculty at the [[University of Chicago]] that rejected [[Keynesianism]] in favor of monetarism until the mid-1970s, when it turned to new classical macroeconomics heavily based on the concept of rational expectations. Several students, young professors, and academics who were recruited or mentored by Friedman at Chicago went on to become leading economicts, including Gary Becker, Robert Fogel, [[Thomas Sowell]], and Robert Lucas Jr.
    
==Early life==
 
==Early life==

Navigation menu