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Remembering Milton Friedman

July 31, 2015 in Economics

July 31 is the birthday of prominent free-market economist Milton Friedman, recipient of the 1976 Nobel Prize for Economic Science. Friedman, who passed away in 2006 at the age of 94, was widely regarded as the leader of the Chicago School of monetary economics. In addition to his scientific work, Friedman also wrote extensively on public policy, always with primary emphasis on the preservation and extension of individual freedom. Friedman’s ideas on economic freedom hugely influenced both the Reagan administration and the Thatcher government in the early 1980s, revolutionized establishment economic thinking across the globe, and have been employed extensively by emerging economies for decades.

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Source: CATO HEADLINES

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