American economist and academic, Nobel Prize laureate (died 2006)

Milton Friedman

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).

Born

1912

July 31

Died

2006

Era

1910s

Country

—

About

Milton, in brief

Source: Wikipedia · CC BY-SA 4.0

Life timeline

Key dates

1912 Born
2006 Died

Also on July 31

What else happened on this day, through history

-30 Battle of Alexandria: Mark Antony achieves a minor victory over Octavian's forces, but most of his army subsequently deserts, leading to his suicide.
781 The oldest recorded eruption of Mount Fuji (Traditional Japanese date: Sixth day of the seventh month of the first year of the Ten'o (天応) era).
1009 Pope Sergius IV becomes the 142nd pope, succeeding Pope John XVIII.
1201 Attempted usurpation by John Komnenos the Fat for the throne of Alexios III Angelos.

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The world in 1912

When Milton arrived

april 10 RMS Titanic sets sail from Southampton, UK, on her maiden and only voyage.
april 14 The British passenger liner RMS Titanic hits an iceberg in the North Atlantic and begins to sink.
april 15 The British passenger liner RMS Titanic sinks in the North Atlantic at 2:20 a.m., two hours and forty minutes after hitting an iceberg. Only 710 of 2,224 passengers and crew on board survive.
april 16 Harriet Quimby becomes the first woman to fly an airplane across the English Channel.

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Same-day contemporaries

Also born on July 31

Bernard Nathanson 1926–2011 American physician and activist (born 1926) Billy Hitchcock 1916–2006 American baseball player, coach, manager (born 1916) Emilia Fox 1974– English actress Erik von Kuehnelt-Leddihn 1909– Austrian theorist and author (died 1999) Evgeni Malkin 1986– Russian ice hockey player Fred Quimby 1886–1965 American animation producer (died 1965) Hank Bauer 1922–2007 American baseball player and manager (born 1922) Hilary Putnam 1926–2016 American mathematician, computer scientist, and philosopher (died 2016) Jean Dubuffet 1901–1985 French painter and sculptor (died 1985)

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Same-year contemporaries

Also born in 1912

Arsenio Lacson 1912–1962 Filipino journalist and politician, Mayor of Manila (born 1912) Chien-Shiung Wu 1912–1997 Chinese-American physicist and academic (born 1912) Danny Thomas 1912–1991 American actor, producer, and humanitarian (born 1914) David Brower 1912– American environmentalist, founder of the Sierra Club Foundation (died 2000) Eleanor Powell 1912–1982 American actress and dancer (born 1912) Erich Honecker 1912–1994 German politician (died 1994) Georg Solti 1912–1997 Hungarian-English conductor and director (died 1997) Habib Elghanian 1912– Iranian businessman (died 1979) Jackson Pollock 1912–1956 American painter (born 1912)

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More to explore

Milton's birthday July 31 Milton's zodiac Leo When Milton arrived 1912