ocr: Milton Friedman (1912- ) Economist Milton -riedman was born in New - York City. 4 He - received a bachelors degree from Rutgers University in 1932,a - - masters degree from the University of Chicago in 1933, and a Ph.D.from Columbia Jniversity in1946. He worked atl the National Bureau ofl Economic Research from 1937 until 1945. He then became a professor of economics attl the University of Chicago, where he taught until 1983. Friedman developed the permanent income theory of consumption. He also studied the role thatmoney plays in determining economic events, such as the Great Depression.In197 ...
