Which modern theorists work in monetarist thought earned him a novel prize in economic sciences?

Milton Friedman is the prominent modern theorist associated with monetarist thought who was awarded the Nobel Prize in Economic Sciences in 1976. His work emphasized the role of monetary policy in managing economic stability and argued against the Keynesian focus on fiscal policy. Friedman’s research on consumption analysis, money supply, and the importance of controlling inflation significantly shaped economic policy and theory.