Milton Friedman (1912-2006) was one of the most prominent American economists of the 20th century, a powerful advocate of free market capitalism, and one of the founders of the well-known Chicago School of Economics. He received his PhD from Columbia University in 1946 and taught at the University of Chicago for 30 years. After retiring from Chicago he was a Senior Research Fellow at Stanford University's Hoover Institution. His other books include Capitalism and Freedom and A Monetary History of the United States, 1867-1960. In 1976, Friedman was awarded the Nobel Prize in Economics for "his achievements in the field of consumption analysis, monetary history and theory, and for his demonstration of the complexity of stabilization policy."
