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biography
pronunciation:
[freedman]
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| male
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| lived:
| (1912– )
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| biography:
| Economist, born in New York City, USA. He studied at Chicago and New York universities, and after eight years at the National Bureau of Economic Research (1937–45) became professor of economics at Chicago (1946–83). A leading monetarist, his work includes the permanent income theory of consumption, and the role of money in determining events, particularly the US Great Depression. His ideas have been influential with a number of right-wing governments. He was awarded the Nobel Prize for Economics in 1976. |
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