Editing Milton Friedman (section)

=== 1976 Nobel Memorial Prize in Economic Sciences ===
Friedman was awarded the [[Nobel Memorial Prize in Economic Sciences]], the sole recipient for 1976, "for his achievements in the fields of consumption analysis, monetary history and theory and for his demonstration of the complexity of stabilization policy".<ref name="nobel1" /> His appointment was controversial, mainly for his association with military dictator [[Augusto Pinochet]]. Some economists, such as [[Institutional economics|Institutional economist]] and 1974 Nobel Prize winner [[Gunnar Myrdal]], criticized Friedman, and Myrdal's own 1974 [[Nobel Memorial Prize in Economic Sciences|Nobel Prize]] partner [[Friedrich Hayek]], for being reactionaries. Myrdal's criticism caused some economists to oppose the [[Nobel Memorial Prize in Economic Sciences|Sveriges Riksbank Prize in Economics Sciences in Memory of Alfred Nobel]] itself.<ref name="Silk-1977">{{Cite news|last=Silk|first=Leonard|date=March 31, 1977|title=Nobel Award in Economics: Should Prize Be Abolished?|language=en-US|work=The New York Times|url=https://www.nytimes.com/1977/03/31/archives/nobel-award-in-economics-should-prize-be-abolished.html|access-date=May 16, 2021|issn=0362-4331}}</ref><ref>{{Cite journal|last=Dopfer|first=Kurt|date=1988|title=In Memoriam: Gunnar Myrdal's Contribution to Institutional Economics|url=https://www.jstor.org/stable/4225966|journal=Journal of Economic Issues|volume=22|issue=1|pages=227–231|doi=10.1080/00213624.1988.11504742|jstor=4225966|issn=0021-3624}}</ref>