Milton Friedman was an American economist who is considered to be one of the leaders and foundational theorists of the Chicago School of Economics. He was awarded the Nobel Prize in 1976 for “his achievements in the fields of consumption analysis, monetary history and theory and for his demonstration of the complexity of stabilisation policy.” Widely thought to be one of the most influential economists of the 20th century, Friedman supported individual liberty and choice in nearly all areas, advocating for a diverse array of policies from a volunteer military to a negative income tax. A professor at multiple American Universities, including Columbia, the University of Chicago, and Stanford, Friedman would instruct and mentor multiple pupils who went on to become influential economists in their own right. A 2011 EJW survey of economists found Friedman to be the second most popular economist of the 20th century after John Maynard Keynes.
The Counter-Revolution in Monetary Theory
Inflation, Taxation, Indexation
Unemployment versus Inflation
Inflation and Unemployment: The New Dimension of Politics
Keynes’s Political Legacy (1976)
From Galbraith to Economic Freedom