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Why was Milton Friedman awarded the Noble Prize in Economics in 1976?

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Why was Milton Friedman awarded Noble Prize Economics in1976?Name: Milton Friedman.
Country: United States.
Date of Birth: 31 July 1912.
Died: 16 November 2000.
Education: BA fromRutgers University, MA from University of Chicago, Ph.D from Columbia University.
Subjects Of Study: Money guaranteed minimum income.
Profession: Economist and Statistician.
Founder: Monetarism.
Noble Prize Year: Nobel Prize for Peace in 1976, for his research on consumption analysis, monetary history, and theory, and the complexity of stabilization policy.

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