University of Chicago economist (1912-2006) who won the 1976 Nobel Prize in Economics as one of the intellectual leaders of the Chicago school of economics. Two items: a glossy 8 x 10 portrait of Milton Friedman in a thoughtful pose, nicely signed in gold ink; and a TLS, one page, 8.5 x 11, Hoover Institution letterhead, March 18, 1999, responding to inquiries about his influences and theories, in part: "Undoubtedly my teachers at Rutgers University when I was an undergraduate, Arthur F. Burns and Homer Jones, although the conditions at the time, the 1930s in the depths of the depression, were at least as influential as their personal influenceâ€Â¦The theories and scholarly work that were first recognized by the Nobel award were done over many years as part of an activity which I greatly enjoyed. I would not call it difficult. It is for others to judge how difficult the analytical content of the material is." In overall fine condition.