Biography of Milton Friedman: Famous American Economist

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Milton Friedman is one of the well-known America economist that success in the field of economics. He was born on 31st July 1912 in Brooklyn, New York, United State of America and died of heart failure on 16th November 2006 at the age of 94 in San Francisco, California, United State of America. Milton Friedman has three elder sister and he is the fourth and last child and first son of Jeno Saul Friedman and Sarah Ethel, both of whom worked as dry goods merchants. His height is about 152 centimetres. His spouse is Rose Friedman who was born on year 1938 and died on year 2009 at the age of 71. Milton Friedman has two children, David D. Friedman, an anarcho-capitalist economist born on 12nd February 1945 and Janet. Patri Friedman, his grandson was the executive director of The Sea steading institute from year 2008 to 2011.
He attend public elementary and also secondary school along with his sisters and he manage to graduate from Rahway High School in year 1928 before his 16th birthday. During Milton Friedman’s senior year in high school, his father pass away. This cause his mother and two of his sisters have to take over the burden to support the family. In year 1932, Friedman finish his study from Rutgers University. Rutgers University is The State University of New Jersey and also is the largest institution for higher education in New Jersey. Friedman specialized in mathematics as he intended to become an actuary. Friedman was influenced by Arthur F. Burns and Homer Jones, two economics professors who persuade Friedman that modern economics could help the depression at Rutgers University.
In year 1933, Friedman choose the scholarship in economics that was offered by University of Chicago and he earn an M.A. At here, Friedman met ...

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...Utility Theory. Retrieved 11, April, 2014, from http://www.policonomics.com/critiques-to-expected-utility-theory/ Rognlie, M. (2011). The Practical Irrelevance of The Friedman Rule. Retrieved 8, April, 2014, from http://mattrognlie.com/2011/05/13/the-practical-irrelevance-of-the-friedman-rule/

The national Bureau of Economic Research. (n.d.). Retrieved 23, April, 2014, from http://www.nber.org/chapters/c4403 Vladimir Gonda. (2002). Milton Friedman. Retrieved 22, March, 2014, from http://www.nbs.sk/_img/Documents/BIATEC/BIA03_02/friedman.pdf Wikipedia, The Free Encyclopedia. (2014). Retrieved from http://en.wikipedia.org/wiki/Modern_Monetary_Theory#Vertical_transactions Yahoo! Answer. What are the benefits and drawbacks of classical liberalism? (n.d). Retrieved
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