Reflections on Milton Friedman

Milton Friedman, AM'33, who joined the University of Chicago economics faculty in 1946 and won the 1976 Nobel Prize in Economics, was perhaps the most influential economist of the 20th Century. His death in November 2006 gave rise to widespread consid...

Summary

Milton Friedman, AM'33, who joined the University of Chicago economics faculty in 1946 and won the 1976 Nobel Prize in Economics, was perhaps the most influential economist of the 20th Century. His death in November 2006 gave rise to widespread consideration of his ideas and their impact. In this talk James Heckman, Professor of Economics and Public Policy who won the Nobel Prize in Economics in 2000, and Robert Lucas, Jr., AB'59, PhD'64, Professor of Economics who won the Nobel Prize in Economics in 1995, discuss Friedman's work and influence. This lecture was part of A Nobel Celebration held during Alumni Weekend in June 2007 to commemorate the centennial of the first Chicago Nobel, won by physicist Albert A. Michelson in 1907.