Capitalism and Freedom
Capitalism and Freedom by Milton Friedman, published by University of Chicago Press on November 17, 2020, is a first edition that spans 287 pages. In this influential work, Friedman explores the relationship between government and individual freedom, arguing that competitive capitalism is essential for both economic and political liberty. This classic text, first published in 1962, has played a significant role in shaping economic thought and policy.
Readers will find a thorough examination of economic theory and its implications for democracy and political ideologies. The book discusses how to harness the benefits of government while mitigating its potential threats to personal freedoms. This edition also features prefaces from previous reissues and a new foreword by Binyamin Appelbaum, providing additional context to Friedman’s enduring ideas. Topics such as economic history and the principles of capitalism are woven throughout, making this a substantial contribution to the fields of business and economics.
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One of TIME magazine’s All-TIME 100 Best Nonfiction Books
One of Times Literary Supplement’s 100 Most Influential Books Since the War
One of National Review’s 100 Best Nonfiction Books of the Century
One of Intercollegiate Studies Institute’s 50 Best Books of the 20th Century
How can we benefit from the promise of government while avoiding the threat it poses to individual freedom? In this classic book, Milton Friedman provides the definitive statement of an immensely influential economic philosophy—one in which competitive capitalism serves as both a device for achieving economic freedom and a necessary condition for political freedom.
First published in 1962, Friedman’s Capitalism and Freedom is one of the most significant works of economic theory ever written. Enduring in its eminence and esteem, it has sold nearly a million copies in English, has been translated into eighteen languages, and continues to inform economic thinking and policymaking around the world. This new edition includes prefaces written by Friedman for both the 1982 and 2002 reissues of the book, as well as a new foreword by Binyamin Appelbaum, lead economics writer for the New York Times editorial board.
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