Born: 31 July 1912 · Died: 16 November 2006 · Age at death: 94
How old was Milton Friedman when he died?
Milton Friedman died aged 94. He was born on 31 July 1912 and died on 16 November 2006.
American economist of the Chicago School whose ideas on monetarism and free markets won him the Nobel Prize and shaped policy
Did you know?During the Second World War, he worked for the American government designing a statistical method to test the reliability of weapons.
Quick facts
Date of birth31 July 1912
Date of death16 November 2006
Age at death94
Cause of deathHeart failure
NationalityAmerican
BirthplaceBrooklyn, United States
Occupationeconomist, university teacher, statistician
Editor's Take:
Milton Friedman was the most influential free-market economist of the 20th century. The son of poor immigrants, he taught at the University of Chicago for 30 years. He argued that inflation is caused by too much money. He championed floating exchange rates, school vouchers and smaller government. His TV series Free to Choose made economics popular. His ideas shaped the policies of Margaret Thatcher and Ronald Reagan. He won the Nobel Prize in 1976.
Key Milestones
1946: Chicago – joins faculty
1962: Capitalism and Freedom – book
1963: A Monetary History with Anna Schwartz
1976: Nobel Prize in Economics
Milton Friedman (July 31, 1912 – November 16, 2006) 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.
