Friedman, Milton

(born July 31, 1912, Brooklyn, N.Y., U.S.—died Nov. 16, 2006, San Francisco, Calif.) U.S. economist. Friedman studied at Rutgers and Columbia before joining the faculty of the University of Chicago in 1946. There he became the leading U.S. advocate of monetarism. He oversaw the economic transition in Chile after the overthrow of Salvador Allende. In the 1980s his ideas were taken up by Pres. Ronald Reagan and Britain's Margaret Thatcher. His many books include (1957) and (1962), both with his wife, Rose Friedman, and (1963) and (1981), with economist Anna Schwartz. He received the Nobel Prize in 1976.

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