Milton Friedman

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Milton Friedman (July 31 1912 – November 16 2006) was an American Nobel Laureate economist and public intellectual. He made major contributions to the fields of macroeconomics, microeconomics, economic history, and statistics. In 1976, he was awarded the Nobel Prize in Economics for his achievements in the fields of consumption analysis, monetary history and theory, and for his demonstration of the complexity of stabilization policy. He was an advocate of economic freedom. According to The Economist, Friedman "was the most influential economist of the second half of the 20th century…possibly of all of it". Alan Greenspan stated "There are very few people over the generations who have ideas that are sufficiently original to materially alter the direction of civilization. Milton is one of those very few people." In his 1962 book Capitalism and Freedom, Friedman advocated minimizing the role of government in a free market as a means of creating political and social freedom. In his 1980... full article at wikipedia

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Edit	Date of birth

Jul 31, 1912

Edit	Place of birth

Brooklyn

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spouse
Rose Friedman

Employment history

employer	title	from	to
Economic Policy Advisory Board of President Reagan		1981	1989
University of Chicago	Professor of Economic Theory	1946	1977
University of Minnesota	Lecturer	1945	1946
Columbia University	Mathematical Statistician	1943	1945
United States Department of the Treasury		1941	1943
University of Wisconsin-Madison	Assistant Professor	1940	1941
National Bureau of Economic Research		1937	1940
National Resources Committee		1935	1937

Education

institution	end date	degree	major/field of study	dissertation title
Columbia University		Ph.D.	Economics	Incomes from Independent Professional Practice
University of Chicago	1933	Master of Arts	Economics
Rutgers University	1932	Bachelor of Arts	Mathematics
Rahway High School	1928
University of Chicago

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Quotations

quotation	source
Most economic fallacies derive - from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.	Milton Friedman
So the question is, do corporate executives, provided they stay within the law, have responsibilities in their business activities other than to make as much money for their stockholders as possible? And my answer to that is, no they do not.	Milton Friedman
Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.	Milton Friedman
We have a system that increasingly taxes work and subsidizes nonwork.	Milton Friedman
The government solution to a problem is usually as bad as the problem.	Milton Friedman
Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless.	Milton Friedman
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.	Milton Friedman
I'm in favor of legalizing drugs. According to my values system, if people want to kill themselves, they have every right to do so. Most of the harm that comes from drugs is because they are illegal.	Milton Friedman
I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.	Milton Friedman
History suggests that capitalism is a necessary condition for political freedom.	Milton Friedman
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location	start date	end date
Rahway	1912
Brooklyn	1912	1912
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Nov 16, 2006

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San Francisco

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Book editions published

book edition	isbn
Capitalism and Freedom	0226264211
Free to Choose	0156334607
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Quotations

quotation	author
A major source of objection to a free economy is precisely that group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.	Milton Friedman
Governments never learn. Only people learn.	Milton Friedman
History suggests that capitalism is a necessary condition for political freedom.	Milton Friedman
I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.	Milton Friedman
I'm in favor of legalizing drugs. According to my values system, if people want to kill themselves, they have every right to do so. Most of the harm that comes from drugs is because they are illegal.