Milton Friedman: Journey From Past to Present

Milton Friedman, the world's famous economist was born in 1912, in a poor Jewish Immigrant family who shifted to Brooklyn in the late 1980s. After completing his public school studies, he joined Rutgers University in 1928 (Friedman and Friedman 1998, p.25-27).

During his early study in the field of economics, he was continuously in contact with the theorists like Mitchell, Burns and Kuznets; therefore he started taking interest on the macroeconomic issues like the business cycles and the monetary theory and was less concerned about the microeconomic issues.

Friedman was a passionate advocate of the free market economy. He made great contribution to the field of economics by writing books, journals, articles in which he presented his own theories and ideas. His theories and writings played an important role in shaping the economy. He played a role of a public intellectual; and conveyed...
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