Nobel economist Milton Friedman dead at 94A giant... Posted by DaveH at November 16, 2006 1:56 PM
An advocate of deregulation and 'supply-side' policies whose influence soared under Ronald Reagan.
Milton Friedman, the Nobel-prize winning economist who helped shape modern free-market economics, died Thursday in San Francisco. He was 94.
A spokesman for the Milton & Rose Friedman Foundation confirmed the news to CNN. The cause was heart failure, according to Reuters.
Friedman, who won the Nobel prize in 1976, helped interpret and popularize so-called "supply-side" economics, which came to dominate much of U.S. public policy in the second half of the 20th century.
Supply-side economics holds that minimally regulated markets offer the most efficiency in the distribution of goods and services.