Milton Friedman 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, Friedman was among the intellectual leaders of the Chicago school of economics, a neoclassical school of economic thought associated with the faculty at the University of Chicago that rejected Keynesianism in favor of monetarism before shifting their focus to new classical macroeconomics in the mid-1970s. Several students, young professors and academics who were recruited or mentored by Friedman at Chicago went on to become leading economists, including Nobel laureates Gary Becker (1992), Robert Fogel (1993), and Robert Lucas Jr. (1995).
Milton Friedman, American economist and academic, Nobel Prize laureate (died 2006)
On July 31, in the year 1912, Milton Friedman, American economist and academic, Nobel Prize laureate (died 2006). This event is recorded as a Notable Births event in the history of July 31, one of 399 recorded events on this date across all of history.
1 notable person is associated with this event, including Milton Friedman. Learn more below.
Key Facts
- This event took place on July 31, 1912 (AD era).
- It is categorised as a Notable Births event in recorded history.
- Referenced in 2 Wikipedia articles.
- 1 notable person is recorded as involved in or associated with this event.
- Wikipedia source last updated on 27 July 2026.
On This Date in History 399
This article draws on content from Wikipedia, available under CC BY-SA 4.0.
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