Milton Friedman Essay examples -- Biography Biographies Essays

Milton FriedmanMilton Friedman has been credited with many different achievements, including being one of the most useful advocates of economic freedoms and free enterprise, being the greatest economist to ever offer the face of the earth, and proving every single word that Lord Maynard Keynes ever verbalise to be wrong. Why these may or may not all be true, it is obvious that Friedman was a brilliant man of many accomplishments.Milton Friedman was innate(p) on July 15th, 1912 in New York City. His parents were poor immigrants and his father died when he was a senior in high school. Despite all of these obstacles he had to overcome, Friedman trustworthy a scholarship to Rutgers University and got his B.A., an M.A. in 1933 from the University of cabbage, and a Ph.D. in 1946 from Columbia University. He worked as a research assistant to Henry Schultz at University of Chicago until 1937 when he started working with the National Bureau of Economics. There he jointly published the book Incomes from Independent Professional Practice with Simon Kuznets, which also served as his doctoral dissertation at Columbia. This book introduced the concepts of permanent and transitory income. In 1933 Milton Friedman met Rose Director, a fellow Economics student, and six years later(prenominal) they were married. Rose and Milton fork out collaborated on quite a few books and essays, and have established the Milton & Rose D. Friedman foundation, which promotes School Choice, which will be explained in to a greater extent detail later. In 1976 Milton Friedman won the Nobel Prize in Economic Sciences for his achievements in the fields of consumption analysis, pecuniary level and theory, and for his demonstration of the complexity of stabilization policy. Milton Friedman coined the terms only money matters as his emphasis on the spot of monetary policy in the United States economy. Friedman is perhaps the most impressive advocate for free enterprise and monetarist policies from 1945-1985. His only rival among economists of the 20th light speed would have to be Keynes.As salubrious as being a Nobel Prize winner and just an overall brilliant man, Friedman served as Senator Barry Goldwaters promiscuous economic advisor in 1964 and for Richard Nixon in 1968, then as chairman Nixons advisor. He served as President Reagans Economic Advisor on his informatory Board in 1981. Friedman was awarded the Presidentia... ...n acceptable level. Another one of Friedmans strongest and most well known opinions was on the Federal Reserve and how it is practically useless. Friedman being the super free-market capitalist that he is, thinks that the Federal Reserve acts stupidly, rashly and doesnt take the time-lag into wish when making their dramatic decisions. Friedman also blames most of the economic instabilities on the national reserves action. Milton Friedman has definitely been one of the most influential economists of the 20th century. His discover ies and theories in monetary policy, school choice liberalism and inflation relations impact economic history in a way only a few commonwealth can do. He and his wife Rose are now lead the Foundation for school-choice and have just published Two Lucky tribe Memoirs.BibliographyFriedman, Milton. Bright Promises, Dismal Performance An Economists Protest. New York HBJ, 1983.Friedman, Milton and Rose. Free to Choose A Personal Statement. New York HBJ, 1980.Hodges, Michael. Milton Friedman- A Tribute by MWHodges. May 2001. folk 2001. Walters, Alan. A Dictionary of Economics, The New Palgrave. Vol.2, 1987. Pp.422-427.