Milton friedman born

CONSUMPTION AND UTILITY

QUANTITY THEORY OF MONEY

NATURAL RATE OF UNEMPLOYMENT

MONEY GROWTH RULE

INFLUENCE AND CRITICAL REACTIONS

BIBLIOGRAPHY

Milton Friedman is best known for his influential contributions to monetary macroeconomics and for his strong advocacy of the role of free markets in solving social problems.

The son of poor Jewish immigrants in New York City, Friedman was educated under a scholarship at Rutgers University, where his main influences were Arthur F. Burns and Homer Jones. Upon graduation in 1932 with a joint major in economics and mathematics, he was offered a tuition scholarship in economics at the University of Chicago, where he was a student of Frank Knight and Jacob Viner, among others.

After an academic year in Chicago, Friedman received a fellowship to move to Columbia University, where he was taught by Harold Hotelling and Wesley C. Mitchell. In his third year as a graduate student he returned to Chicago as research assistant to H