SAN FRANCISCO - Milton Friedman, the Nobel Prize-winning economist whoadvocated
an unfettered free market and had the ear of Presidents Nixon,Ford and Reagan
, died Thursday. He was 94. Friedman died in San Francisco, said Robert Fanger
, a spokesman for theMilton and Rose D. Friedman Foundation in Indianapolis.
He did not know thecause of death.In more than a dozen books and in his
column in Newsweek magazine, Friedmanchampioned individual freedom in
economics and politics.His theory of monetarism, adopted in part by the Nixon
, Ford and Reagan administrations, opposed the traditional Keynesian economics
that haddominated U.S. policy since the New Deal. He was a member of Reagan's
Economic Policy Advisory Board.His theories won him a Nobel Prize in economics
in 1976.
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an unfettered free market and had the ear of Presidents Nixon,Ford and Reagan
, died Thursday. He was 94. Friedman died in San Francisco, said Robert Fanger
, a spokesman for theMilton and Rose D. Friedman Foundation in Indianapolis.
He did not know thecause of death.In more than a dozen books and in his
column in Newsweek magazine, Friedmanchampioned individual freedom in
economics and politics.His theory of monetarism, adopted in part by the Nixon
, Ford and Reagan administrations, opposed the traditional Keynesian economics
that haddominated U.S. policy since the New Deal. He was a member of Reagan's
Economic Policy Advisory Board.His theories won him a Nobel Prize in economics
in 1976.
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