Milton Friedman

Milton Friedman (1912-2006) was an American economist. He taught at Stanford University and the University of Chicago. The magazine "The Economist" described Milton Friedman as "the most influential economist of the second half of the 20th century... possibly of the entire century." Yet, for most of his career, his ideas about economic freedom, the power of the individual, and free markets led to him being labeled as a right-wing ideologue who disregarded "reality." In truth, it was the notions in favor of strong government that proved to be utopian. In 1976, he was awarded the Nobel Prize in Economics. For his ideas on economic freedom and his relentless efforts to implement them in real-world economies, he was posthumously referred to as "the Great Liberator."