Stanford University Home

Stanford News Archive

Stanford Report, October 3, 2001

Milton Friedman

Milton Friedman, senior research fellow at the Hoover Institution and the Paul Snowden Russell Distinguished Service Professor of Economics, Emeritus, at the University of Chicago; at Hoover 1977-present. Awarded the 1976 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel "for his achievements in the fields of consumption analysis, monetary history and theory, and for his demonstration of the complexity of stabilization policy."

Since receiving the prize, Friedman has continued research into monetary matters in economics, analysis of public policies and their effects, writing op-ed pieces for newspapers and giving talks. He retired from teaching at the University of Chicago near the time he won the prize. He was an informal economic adviser to President Ronald Reagan. He also has written extensively on public policy with an emphasis on preserving and extending individual freedom. From 1937 to 1981, he was a member of the research staff of the National Bureau of Economic Research.

Nobel website: