Milton Friedman Research Paper

1299 Words6 Pages
Research Paper Milton Friedman Milton Friedman was a famous American economist, esteemed statistician, knowledgeable author, and well known professor at the University of Chicago where he taught for more than 30 years. His work has had a profound impact on the science of economics in the modern world of today, and has even impacted many other areas in society, and he received the Nobel Prize in Economic Sciences. His major works of literature have captured the minds of many reformers and many of his ideas and policies that he advocated are still extremely valid to this day. Milton Friedman has revolutionized modern economics due to his influences, the people he has influenced, and through the countless works he has published with his wife Rose, whom he married in 1938. Born in Brooklyn, New York, to a family of Jewish immigrants from a Hungarian community in what is now Ukraine. From the beginning Friedman had to work for everything he achieved. He was quoted as saying " I am very lucky to have had parents who immigrated to America or I would not have had a chance to be the person I have become." Friedman was a talented student who excelled in mathematics. He graduated from Rutgers University in 1932 ,continued with his education through the University of Chicago where he obtained his masters degree in a year, and then eventually Columbia University where he received his doctorate. During this time he forged lifelong friendships with other great minds such as George Stigler and W. Allen Wallis, who helped build Friedman into the man and economic genius he eventually became. Milton Friedman had many other professors and economists influence him in tons of unique ways. Some of these people were Arthur F. Burns, who was his professor at Rutgers University, Homer Jones, also a professor at Rutgers, along with Jacob Viner, Frank Knight, Henry Schultz, Lloyd Mints,

More about Milton Friedman Research Paper

Open Document