A service will be held at 2 p.m. Monday, Jan. 29, to celebrate the life of preeminent University of Chicago economist and Nobel laureate, Milton Friedman. The service will be held at the University’s Rockefeller Memorial Chapel, 5850 S. Woodlawn Ave., and is being arranged jointly by the University and the Chicago Mercantile Exchange. It will be open to the public.

Friedman was a pioneer in promoting the value of free market economics and considered by many to be the most influential economist of the late 20th century. He died on Nov. 16, 2006 at the age of 94.

The Paul Snowden Russell Distinguished Service Professor Emeritus in Economics, Friedman won the Nobel Memorial Prize in Economic Sciences in 1976 for “his achievements in the field of consumption analysis, monetary history and theory, and for his demonstration of the complexity of stabilization policy.”