Milton Friedman
American economist and statistician (1912–2006)
United StatesSummary
Updated 2026-05-29
Monetarist economist who won the 1976 Nobel Prize and shaped the Chicago school's intellectual core. Friedman's ideas on consumption and money supply rippled through decades of economic policy and spawned a pipeline of future Nobel laureates.
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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, Friedman was among the intellectual leaders of the Chicago school of economics, a neoclassical school of economic thought associated with the faculty at the University of Chicago that rejected Keynesianism in favor of monetarism before shifting their focus to new classical macroeconomics in the mid-1970s. Several students, young professors…
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- Pantheon 2.0High confidencedatabase · pantheon.world
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