Friedman, Milton


Definition: Meaning of, Friedman, Milton in English to English dictionary.

Pronunciation: / ˈfriːdmən /

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  1. (1912- ) a US ECONOMIST who helped to develop the idea of MONETARISM, the belief that the best way for a government to manage a country's economic system is to limit the amount of money that is available to be used. He won the NOBEL PRIZE for Economics in 1976, and his ideas had an important influence on politics in the 1980s, because the economic policies of Margaret Thatcher and Ronald Reagan were based on them.
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word of the day

Pronunciation: ɛn-aɪ-diː-diː-ɛm
Parts of Speech: noun
mild form of diabetes mellitus that develops gradually in adults; can be precipitated by obesity or severe stress or menopause or other factors; can usually be controlled by diet and hypoglycemic agents without injections of insulin