Capitalism and Freedom
Capitalism and Freedom by Milton Friedman, published by University of Chicago Press in 1962, is a significant work that explores the relationship between competitive capitalism and individual freedoms. In this edition, spanning 202 pages, Friedman articulates his perspective on how economic activity organized through private enterprise in a free market serves as a foundation for both economic and political freedom. The book begins with an examination of the principles of a liberal society and addresses various pressing issues such as monetary policy, discrimination, education, income distribution, welfare, and poverty.
Readers will find a thorough analysis of the role of capitalism in fostering a liberal society, as Friedman delves into the implications of economic policies on personal liberties. The text engages with subjects such as business and economics, econometrics, and political science, providing insights into the historical and theoretical frameworks that underpin these discussions. This edition presents Friedman’s arguments in a clear and accessible manner, making it a valuable resource for those interested in the intersections of economics and political theory.
Official synopsis Publisher
In the classic bestseller, Capitalism and Freedom, Milton Friedman presents his view of the proper role of competitive capitalism—the organization of economic activity through private enterprise operating in a free market—as both a device for achieving economic freedom and a necessary condition for political freedom. Beginning with a discussion of principles of a liberal society, Friedman applies them to such constantly pressing problems as monetary policy, discrimination, education, income distribution, welfare, and poverty.
“Milton Friedman is one of the nation’s outstanding economists, distinguished for remarkable analytical powers and technical virtuosity. He is unfailingly enlightening, independent, courageous, penetrating, and above all, stimulating.”-Henry Hazlitt, Newsweek
“It is a rare professor who greatly alters the thinking of his professional colleagues. It’s an even rarer one who helps transform the world. Friedman has done both.”-Stephen Chapman, Chicago Tribune
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