Capitalism and Freedom: Fortieth Anniversary Edition by Milton FriedmanCapitalism and Freedom: Fortieth Anniversary Edition by Milton Friedman

Capitalism and Freedom: Fortieth Anniversary Edition

byMilton Friedman

Paperback | November 15, 2002

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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.
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 bes...
Title:Capitalism and Freedom: Fortieth Anniversary EditionFormat:PaperbackDimensions:230 pages, 8 × 5.25 × 0.8 inPublished:November 15, 2002Publisher:University of Chicago PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0226264211

ISBN - 13:9780226264219


Rated 4 out of 5 by from Libertarian Classic The following quote, “Our basic structure of values and the interwoven network of free institutions will withstand much. I believe that we shall be able to preserve and extend freedom despite the size of the military programs and despite the economic powers already concentrated in Washington. But we shall be able to do so only if we awake to the threat that we face, only if we persuade our fellow men that free institutions offer a surer, if perhaps at times a slower, route to the ends they seek than the coercive power of the state.”, sums up Milton's argument.
Date published: 2013-04-04
Rated 4 out of 5 by from Friedman, Great Economist, Controversial Thinker While he is reviled by socialists and statists the world over, prominent libertarian Milton Friedman is known as one of the most influential economic thinkers of the 20th century. A strong proponent of individual freedom, Mr. Friedman was part of the brain trust of the Reagan Revolution (alongside Laffer, among others) and was instrumental in abolishing the military draft in the U.S. and in moving the States towards a non-interventionist Monetary policy. In this, his seminal work, he carefully lays out the argument that true democratic freedom can only exist alongside economic freedom. A capitalistic market-based economy with little (or, as he suggests, no) government interference is driven by its own forces and rewards those who are more productive. The free mobility of people within the different economic strata undercuts the arguments for socialistic state intervention and leads to a more open, flexible society as a whole. His own life is a testament to that fact, and likely influences his writing here, give nthat he went living in from poverty and squalor as a child to becomign a world-renowned professor and author. Again, according to Mr. Friedman, economic empowerment is necessary for a truly democratic society to exist, since, in a democracy, the state depends on the people, not the other way around. When people are free to vote, to own property and to accomplish their dreams while being fairly compensated for their efforts without undue government intervention, they are truly free. Given that this book was written in the 60's, in the midst of the cold war between socialist/communist states and the free west, the implosion of the socialist utopias in Eastern Europe have since underlined Friedman's prescience: for the beleagered people of the bno defunct Communist Block, indeed with economic freedom came democratic freedom. Highly recommended. If Friedman interests you, another author who might as well is Friedrich Hayek, who predicted the fall of socialist Europe in the 40's. His book The Road to Serfdom is considered a classic.
Date published: 2005-12-02
Rated 2 out of 5 by from Capitalism and Freedom book highly over-rated Milton Friedman's book entitled 'Capitalism and Freedom' presents the ideological foundations of the prevailing greed-driven ethos of Corporate Globalization. According to Friedman, and his disciples, 'capitalism' complements democracy. As Capitalism is Not Democracy critically presents, 'capitalism' in fact, undermines democracy. Capitalism promotes the development of 'capitalistocracy', rather than democracy. I would respectfully recommend 'Capitalism is Not Democracy' that is written by a Canadian author, for readers who are seeking progressive alternatives to the prevailing context of so-called economic progress , which creates mass poverty on a global scale, and ensuing social malaise, crime, and conditions for political extremism which promotes terrorism. According to the author of 'Capitalism is Not Democracy', we need to re-think and reconstruct the economic system in order to serve the quality-of-living of all human beings, with prejudice, rather than the mercenary commercial profit interests of elite 'owners of capitalism', in Friedman's corporate capitalist dystopia. The 'Capitalism is Not Democracy' book, ISBN: 1894934636, presents a comprehensive critique of capitalistocracy that is associated with Corporate Globalization. Indeed, the Big Business-oriented Globalization context is systematically undermining vital human rights, social justice, and environmental protection. This book also presents a progressive alternative economic system to the current context of Corporate Globalization, which is destroying the quality of human survival internationally
Date published: 2005-09-25

Table of Contents

Preface, 1982

1. The Relation Between Economic Freedom and Political Freedom
2. The Role of Government in a Free Society
3. The Control of Money
4. International Financial and Trade Arrangements
5. Fiscal Policy
6. The Role of Government in Education
7. Capitalism and Discrimination
8. Monopoly and the Social Responsibility of Business and Labor
9. Occupational Licensure
10. The Distribution of Income
11. Social Welfare Measures
12. Alleviation of Poverty
13. Conclusion