Milton Friedman
Awards & Honours
4
Awards Won
3
Honours
1
Rankings
2
Records
Milton Friedman's achievements place him among the most influential economists of the 20th century. He won the Nobel Memorial Prize in Economic Sciences in 1976, the John Bates Clark Medal in 1951, and both the Presidential Medal of Freedom and the National Medal of Science in 1988. A 2011 survey of economists ranked him the second-most popular economist of the century, behind only John Maynard Keynes. His ideas on monetarism, permanent income, and school choice have had lasting impact on policy and academia. He was posthumously inducted into the New Jersey Hall of Fame in the class of 2019–2020.
Awards
Honours & Distinctions
New Jersey Hall of Fame
Posthumously inducted in the Public Service category (Class of 2019–2020).
Presidential Medal of Freedom
Awarded by President Ronald Reagan.
National Medal of Science
Awarded by President Ronald Reagan.
Rankings & Lists
Most Popular Economists of the 20th Century
Records & Feats
Predicted stagflation before it occurred
Friedman argued that the Phillips curve was vertical in the long run and predicted simultaneous high inflation and high unemployment, which became known as stagflation.
Second-most popular economist of the 20th century
A 2011 survey of economists ranked Friedman second only to John Maynard Keynes in influence.