Milton Friedman: a legend

Milton Friedman, who first intended to become an actuary, was one of the most influential economists.

He was involved in a lot of projects, such as a consumer budget study, where he introduced the concepts of permanent and transitory income, but also a study of the Schuman Plan, which laid the foundation of his preference for floating exchange rates. Nevertheless, most people knew him from ‘Free to Choose’, a one-hour program (and the companion volume), which dealt with the economic philosophy of M.F. and was shown in a lot of countries.

He didn’t only received the Nobel Prize for Economics, but also the Presidential Medal of Freedom (thanks to President Reagan) and the National Medal of Science.

Source: http://nobelprize.org/nobel_prizes/economics/laureates/1976/friedman-autobio.html

Vandierendonck Tine