I, Milton Friedman was born on July 31,
1921, in Brooklyn, N.Y., the fourth and last child and first son of Sarah Ethel
(Landau) and Jeno Saul Friedman. My parents were born in Carpatho-Ruthenia of
the Soviet Union. They emigrated to the U.S. in their teens, meeting in New
York. When I was a year old, my parents moved to Rahway, N.J., a small town
about 20 miles from New York City.
I was awarded a competitive scholarship
to Rutgers University. I graduated from Rutgers in 1932. I financed the rest of
my college expenses by the usual mixture of waiting at tables, clerking in a
retail store, occasional entrepreneurial ventures, and summer earnings.
Shortly, however, I became interested in economics.
In economics, I had the good fortune to
be exposed to two remarkable men: Arthur F. Burns and Homer Jones. Arthur Burns
shaped my understanding of economic research, introduced me to the highest
scientific standards, and became a guiding influence on my subsequent career.
Homer Jones introduced me to rigorous economic theory, made economics exciting
and relevant, and encouraged me to go on to graduate work. On his
recommendation, the Chicago Economics Department offered me a tuition
scholarship. As it happened, I was also offered a scholarship by Brown
University in Applied Mathematics, but, by that time, I had definitely
transferred my primary allegiance to economics. In 1976 I won the Nobel
Memorial Prize in Economics for my achievements in the fields of consumption
analysis, monetary history and theory and for his demonstration of the
complexity of stabilization policy. In 1977, at age 65,1 retired from the
University of Chicago after teaching there for 30 years.
1.
Who influenced
Milton Friedman on economic research?
A. Sarah
Ethel.
B. Jeno
Friedman.
C. Arthur F. Burns.
D. Homer Jones.
E. Alfred
Nobel.
2.
What is the main
idea of paragraph 3?
A. Milton
Friedman was very committed in his interest and talent in economics.
B. Homer Jones
shaped Milton Friedman understanding of economic research.
C. Arthur Burns
introduced Milton Friedman to rigorous economic theory.
D. Brown
University offered Milton Friedman a tuition scholarship.
E. Milton
Friedman was offered a scholarship by the Chicago Economics Department in
Applied Mathematics.
3.
What did Milton
Friedman do in financing his college expenses?
A. He was a
teacher during summer.
B. He had a
job in entrepreneur company.
C. He worked as
a clerk in a retail store.
D. He sold
tables to people.
E. He taught
economics in the university.
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Answers :
1. C
2. A
3. C
