A Pioneer Of Monetarism And Free Markets

Milton Friedman: A Guiding Light in Economics

A Pioneer of Monetarism and Free Markets

Milton Friedman, an influential economist who laid the foundations of monetarism and advocated for free markets, passed away on November 16, 2006, at the age of 94. His contributions to economics and public policy continue to shape our understanding of the economy today.

Early Life and Education

Friedman was born on July 31, 1912, in Brooklyn, New York. He developed an interest in economics during his studies at Rutgers University and later earned a Ph.D. in economics from the University of Chicago.