Milton Friedman (born July 31, 1912) is a U.S. economist, known for his work on macroeconomics, microeconomics, economic history, statistics, and for his advocacy of laissez-faire capitalism. In 1976 he won the Nobel Memorial Prize in Economics for his achievements in the fields of consumption analysis, monetary history and theory and for his demonstration of the complexity of stabilization policy." His television series Free to Choose, aired on PBS in early 1980; it became a book coauthored with his wife Rose Friedman. The book was widely read, as were his columns for Newsweek magazine.
In statistics, he devised the Friedman test as a non-parametric analogue to the two-way analysis of variance.