Milton Friedman (1912-2006) was the Paul Snowden Russell Distinguished Service Professor Emeritus in Economics at the University of Chicago. He received the 1976 Nobel Prize in Economics and is best known for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy. He was a principal founder of what has come to be known as the Chicago School of Economics and was one of the world's leading proponents of the importance of the free market. Friedman authored many books during his lifetime including the seminal work Capitalism and Freedom, which was published by Chicago in 1962. He and his wife Rose Friedman co-authored the memoir Two Lucky People, also published by Chicago.