Milton Friedman

Chicago monetarist who argued inflation is always monetary and reshaped late-20th-century policy.

Specifications & Metrics

lifespan

1912-2006

nationality

American

school

Chicago

nobel year

1976

Core Principles & Analysis

• A Monetary History of the United States (with Schwartz, 1963) indicted the Fed's Depression passivity.
• His permanent-income hypothesis (1957) reinterpreted the consumption function.
• The 1976 Nobel cited his work on consumption, monetary history, and stabilization policy.

Sources

• NobelPrize.org: Milton Friedman, Facts