Milton Friedman
1912-2006
A famous economist who helped people understand how choices, money, and markets work
Early Life
Milton Friedman was born in 1912 in New York City, United States. His parents were immigrants who worked hard to build a good life for their family.
As a child, Milton loved learning and was especially curious about numbers and problem-solving. He enjoyed asking questions and figuring out how things worked.
Learning and Education
Milton was very good at school and earned scholarships to attend college. He studied math and economics, which is the study of how people make choices about money and resources.
He later went to graduate school, where he learned even more about how economies work. These studies helped him become a great teacher and thinker.
Becoming a Teacher
Milton Friedman became a professor and taught at several universities, including the University of Chicago. His classes were exciting because he used simple examples and clear explanations.
He wanted students to think carefully and ask questions. Many students remembered him as a teacher who made hard ideas easier to understand.
Big Ideas and Achievements
Milton Friedman is best known for explaining how free choices and markets can help people. He believed that when people are free to choose, they can find creative ways to solve problems.
In 1976, he won the Nobel Prize in Economics. This is one of the highest awards an economist can receive, and it honored his work on money and how it affects the economy.
Writing and Sharing Ideas
Milton wrote many books and articles for a general audience, not just for other economists. He enjoyed explaining big ideas in simple ways so many people could learn.
He also appeared on television, especially in a series called *Free to Choose*, helping millions of people understand how money and markets affect everyday life.
Legacy
Milton Friedman passed away in 2006, but his ideas are still taught in schools around the world. Many people remember him as a clear thinker who loved teaching.
His life shows how curiosity, learning, and sharing knowledge can make a big difference. He inspired others to ask questions and think carefully about choices.
🎉 Fun Facts
Milton Friedman loved using simple stories to explain big ideas.
He won the Nobel Prize when he was 64 years old.
He enjoyed teaching just as much as writing books.
Milton believed learning should be clear and understandable for everyone.