FAQ About Milton Friedman
What contributions did Milton Friedman make to economic thought?
Milton Friedman contributed extensively to various fields of economic thought, including theories of consumption, monetary policy, and free-market capitalism. His book A Monetary History of the United States, co-authored with Anna Schwartz, and his analyses on consumption highlighted the behavioral insights regarding how individuals and economies manage spending and saving. Friedman's advocacy of monetarism and limited government intervention influenced several generations of economists and policymakers.
