"Capitalism and Freedom" by Milton Friedman, first written in 1962, is a thought-provoking exploration of economic capitalism in a liberal society. Friedman discusses the importance of freedom, the individual's role in society, decentralized government, and voluntary cooperation in a business environment. He presents arguments on various topics such as government intervention, the control of money, international trade, licensing, social welfare, and poverty, highlighting the ineffectiveness of typical government measures. contains historical examples and observations, emphasizing the value of freedom for individuals to prosper and achieve better outcomes.
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Selected by the Times Literary Supplement as one of the "hundred most influential books since the war"
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 his 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. The result is an accessible text that has sold well over half a million copies in English, has been translated into eighteen languages, and shows every sign of becoming more and more influential as time goes on.
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About the Author:
Milton Friedman is a senior research fellow at the Hoover Institution, Stanford University, and the Paul Snowden Distinguished Service Professor Emeritus of Economics at the University of Chicago. In 1976 he was awarded the Nobel Prize in economics. He has written a number of books, including two with his wife, Rose D. Friedman-the bestselling Free to Choose and Two Lucky People: Memoirs, the latter published by the University of Chicago Press.
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