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Birthdate
July 31, 1912
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Date of Death
November 16, 2006
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ISNI
00000001210107750
Open Library ID
OL403122A0
VIAF
467612750
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Father of
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Price theory · Monetarism Applied macroeconomics Floating exchange rates Permanent income hypothesis Helicopter money Volunteer military Natural rate of unemployment Friedman test k-percent rule
Wikidata ID
Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the complexity of stabilization policy. With George Stigler and others, Friedman was among the intellectual leaders of the Chicago school of economics, a neoclassical school of economic thought associated with the work of the faculty at the University of Chicago that rejected Keynesianism in favor of monetarism until the mid-1970s, when it turned to new classical macroeconomics heavily based on the concept of rational expectations.
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