Milton Friedman: Nobel Prize-Winning Economist Dies at 94

Milton Friedman was an American economist and a leading voice of free-market economics. Born on July 31, 1912, in Brooklyn, New York, he taught at the University of Chicago for 30 years.

He won the Nobel Prize in Economics in 1976 for his work on consumption analysis and monetary history. His books Capitalism and Freedom (1962) and Free to Choose (1980) shaped economic policy, and he advised President Reagan. He championed monetarism and school vouchers.

He was married to economist Rose Friedman for 68 years. Friedman died of heart failure in San Francisco on November 16, 2006, at age 94. He received the Presidential Medal of Freedom in 1988.

Achievements: Nobel Prize in Economics (1976), Presidential Medal of Freedom (1988).

Birth: July 31, 1912 - Brooklyn, New York.

Profession: Economist.

Interesting Facts: He was a leading advocate for ending the military draft.