Abstract
In the classic bestseller, Capitalism and Freedom, 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
Keywords
CapitalismPovertyEconomic freedomNeoclassical economicsPoliticsFree marketEconomicsWelfareSociologyPolitical economyPolitical scienceMarket economyLawEconomic growth
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Publication Info
- Year
- 2016
- Type
- book
- Pages
- 344-349
- Citations
- 6673
- Access
- Closed
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Cite This
Milton Friedman
(2016).
61. Capitalism and Freedom.
Democracy
, 344-349.
https://doi.org/10.7312/blau17412-074
Identifiers
- DOI
- 10.7312/blau17412-074