Question: Positive non-interventionism was the economic policy of Hong Kong, which American economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy, has cited it as a fairly comprehensive implementation of laissez-faire policy?

Context paragraphs:
Edward C. Prescott: Edward Christian Prescott (born December 26, 1940) is an American economist.  He received the Nobel Memorial Prize in Economics in 2004, sharing the award with Finn E. Kydland, "for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles".  This research was primarily conducted while both Kydland and Prescott were affiliated with the Graduate School of Industrial Administration (now Tepper School of Business) at Carnegie Mellon University.  According to the IDEAS/RePEc rankings, he is the 19th most widely cited economist in the world today.  In August 2014, Prescott was appointed as an Adjunct Distinguished Economic Professor at the Australian National University (ANU) in Canberra, Australia.

Joseph Stiglitz: Joseph Eugene Stiglitz ( ; born February 9, 1943) is an American economist and a professor at Columbia University.  He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979).  He is a former senior vice president and chief economist of the World Bank and is a former member and chairman of the (US president's) Council of Economic Advisers.  He is known for his support of Georgist public finance theory and for his critical view of the management of globalization, of "laissez-faire" economists (whom he calls "free market fundamentalists"), and of international institutions such as the International Monetary Fund and the World Bank.

Douglass North: Douglass Cecil North (November 5, 1920 – November 23, 2015) was an American economist known for his work in economic history.  He was the co-recipient (with Robert William Fogel) of the 1993 Nobel Memorial Prize in Economic Sciences.  In the words of the Nobel Committee, North and Fogel "renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change."

John Bates Clark Medal: The John Bates Clark Medal is awarded by the American Economic Association to "that American economist under the age of forty who is adjudged to have made a significant contribution to economic thought and knowledge".  According to "The Chronicle of Higher Education", it "is widely regarded as one of the field’s most prestigious awards...second only to the Nobel Memorial Prize in Economic Sciences."  The award was made biennially until 2007, but from 2009 is now awarded every year because many deserving went unawarded.  The committee cited economists such as Edward Glaeser and John A. List in campaigning that the award should be annual.  The award is named after the American economist John Bates Clark (1847–1938).  Following an average wait of 22 years, approximately 30% of past Medal winners have gone on to win the Nobel, presented annually since 1969 at the Nobel Prize Award Ceremony in Stockholm.  Moreover, 11 of the first 17 awardees (approximately 65%) went on to win the Nobel.

Paul Samuelson: Paul Anthony Samuelson (May 15, 1915 – December 13, 2009) was an American economist and the first American to win the Nobel Memorial Prize in Economic Sciences.  The Swedish Royal Academies stated, when awarding the prize in 1970, that he "has done more than any other contemporary economist to raise the level of scientific analysis in economic theory".  Economic historian Randall E. Parker calls him the "Father of Modern Economics", and "The New York Times" considered him to be the "foremost academic economist of the 20th century".

Milton Friedman: Milton Friedman ( ; July 31, 1912 – November 16, 2006) was an American economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.  With George Stigler and others, Friedman was among the intellectual leaders of the second generation of Chicago price theory, a methodological movement at the University of Chicago's Department of Economics, Law School, and Graduate School of Business from the 1940s onward.  Several students and young professors that were recruited or mentored by Friedman at Chicago went on to become leading economists; they include Gary Becker, Robert Fogel, Thomas Sowell, and Robert Lucas, Jr.

Thomas Schelling: Thomas Crombie Schelling (April 14, 1921 – December 13, 2016) was an American economist and professor of foreign policy, national security, nuclear strategy, and arms control at the School of Public Policy at University of Maryland, College Park.  He was also co-faculty at the New England Complex Systems Institute.  He was awarded the 2005 Nobel Memorial Prize in Economic Sciences (shared with Robert Aumann) for "having enhanced our understanding of conflict and cooperation through game-theory analysis".

Robert Solow: Robert Merton Solow, GCIH ( ; born August 23, 1924), is an American economist, particularly known for his work on the theory of economic growth that culminated in the exogenous growth model named after him.  He is currently Emeritus Institute Professor of Economics at the Massachusetts Institute of Technology, where he has been a professor since 1949.  He was awarded the John Bates Clark Medal in 1961, the Nobel Memorial Prize in Economic Sciences in 1987, and the Presidential Medal of Freedom in 2014.  Three of his PhD students, George Akerlof, Joseph Stiglitz, and Peter Diamond, later received Nobel Memorial Prizes in Economic Sciences in their own right.

Positive non-interventionism: Positive non-interventionism was the economic policy of Hong Kong; this policy can be traced back to the time when Hong Kong was under British rule.  It was first officially implemented in 1971 by Financial Secretary of Hong Kong John Cowperthwaite, who observed that the economy was doing well in the absence of government intervention but it was important to create the regulatory and physical infrastructure to facilitate market-based decision making.  The policy was continued by subsequent Financial Secretaries, including Sir Philip Haddon-Cave.  Economist Milton Friedman has cited it as a fairly comprehensive implementation of laissez-faire policy, although Haddon-Cave has stated that the description of Hong Kong as a laissez-faire society was "frequent but inadequate".

James Tobin: James Tobin (March 5, 1918 – March 11, 2002) was an American economist who served on the Council of Economic Advisers and the Board of Governors of the Federal Reserve System, and taught at Harvard and Yale Universities.  He developed the ideas of Keynesian economics, and advocated government intervention to stabilize output and avoid recessions. His academic work included pioneering contributions to the study of investment, monetary and fiscal policy and financial markets.  He also proposed an econometric model for censored endogenous variables, the well-known "Tobit model".  Tobin received the Nobel Memorial Prize in Economic Sciences in 1981.

Supporting paragraphs: Positive non-interventionism Milton Friedman
Answer: Milton Friedman