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
Soul 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 parent 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 interest 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 economics research, introduced me to
the highest scientific standards, and become 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, 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 two 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, I retired from the University of Chicago after teaching there for 30 years.
(Soal UN SMA/MA IPA 2011/2012)
1. Who influenced Friedman on economic
2. What is the main idea of paragraph 3?
A. Milton Friedman was very
committed in his interest and talent economics.
B. Homer Jones shaped Milton
Friedman understanding of economic research.
C. Arthur Burn 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
B. he had a job in
C. he worked as a clerk in a
D. he sold tables to people.
E. he taught economics in the