Milton Friedman

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Milton Friedman

American economist

Written by Bruce J. Caldwell

Fact-checked by The Editors of Encyclopaedia Britannica

Last Updated: Mar 7, 2024 • Article History

Milton Friedman

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Category: History & Society

Born:: July 31, 1912, Brooklyn, New York, U.S.

Died:: November 16, 2006, San Francisco, California (aged 94)

Awards And Honors:: Nobel Prize (1976)

Notable Works:: “A Monetary History of the United States 1867–1960”

Subjects Of Study:: money; guaranteed minimum income

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Milton Friedman (born July 31, 1912, Brooklyn, New York, U.S.—died November 16, 2006, San Francisco, California) was an American economist and educator, one of the leading proponents of monetarism in the second half of the 20th century. He was awarded the Nobel Prize for Economics in 1976. (Read Milton Friedman’s Britannica entry on money.) Friedman was one year old when his family moved from Brooklyn, New York, to Rahway, New Jersey, where he grew up. He won a scholarship to Rutgers University, studied mathematics and economics, and earned a bachelor’s degree there in 1932. While at Rutgers he encountered Arthur ...(100 of 1532 words)

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