Milton Friedman was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the
Friedman in 1986
Friedman receiving the Presidential Medal of Freedom from Ronald Reagan in 1988
Friedman with Richard Nixon and George Shultz in 1971
The history of economic thought is the study of the philosophies of the different thinkers and theories in the subjects that later became political economy and economics, from the ancient world to the
Plato and his pupil Aristotle had an enduring effect on Western philosophy.
Thomas Aquinas (1225–1274) taught that high prices in response to high demand is theft.
Nicolas d'Oresme (1320–1382)