An expert in monetary theory and the theory of consumption,
Milton Friedman’s books, column in Newsweek, articles in the Wall
Street Journal, and television appearances have made him the most famous
conservative economist in the world. He has
served as unofficial adviser to Barry Goldwater, Richard Nixon, and Ronald
Reagan.
The
Nobel Committee recognized Professor Friedman “for his achievements in the
fields of consumption analysis, monetary history and theory and for his
demonstration of the complexity of stabilization policy.”
Quotes from Milton Friedman’s March 1985 lecture at
I have been enormously
impressed by the role that pure chance
plays in determining our life history.
As I recalled my own experience and development,
I was impressed by the series of lucky accidents that determined the road I
traveled.
My life as an
economist has been the source of much pleasure and satisfaction. It’s a fascinating discipline. What makes it most fascinating is that its fundamental
principles are so simple that they can be written on one page, that anybody can
understand them, and yet that very few do.
Additional resources on Milton
Friedman are available at the Nobel web
site.