NOBEL PRIZE WINNERS
Milton Friedman
- I was born in Brooklyn, New York, in 1912. In 1946, I began a decades-long career in the University of Chicago's economics department.
- I won the Nobel Prize in Economics for my research on monetary history and theory, consumption analysis, and the complexity of stabilization policy.
- My most important work is in monetary economics.
- I theorized that the money supply affects real economic activity in the short run and a nation’s price level in the long run.