"First published in 1962 and based on a series of lectures from 1956, Milton Friedman's Capitalism and Freedom 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. In short, the book asks: how can we benefit from the promise of government while avoiding the threat it poses to individual freedom? The result is an accessible text that was selected by the Times Literary Supplement as one of the "hundred most influential books since the war." Enduring in its impact and esteem, the book has sold well over half a million copies in English, has been translated into eighteen languages, and continues to profoundly inform economic thinking and policymaking. This 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, economics editor for the New York Times and author of The Economists' Hour: False Prophets, Free Markets, and the Fracture of Society (Little, Brown, 2019)"--
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 ...
Milton Friedman was arguably the single most influential economist of the 20th-century.
This book debunks the conservative classics while demonstrating that the marketplace has its own great centers of power, which the libertarian tradition itself claims is a limit to freedom.
About Capitalism and Freedom This book formulates markets as chief proponents of personal freedoms and warns against the tyrannical force government can wield by intruding on economics.
I am grateful to Dr Jin Zhang and Dr Chunhang Liu for innumerable discussions surrounding the issues raised in this book; to Dr Charles Curwen for his careful reading of the whole manuscript and for many valuable observations; ...
Luther, Martin. The Letter of Martin Luther Selected and Translated by Margaret A. Currie. London: Macmillan, 1908. . Luther's Catechetical Writing, 2 volumes. Translated by J. N. Lenker. Minneapolis: Luther Press, 1907. . Martin Luther ...
But as Folsom points out, the most successful entrepreneurs, such as James Jerome Hill, Cornelius Vanderbilt, and John D. Rockefeller, were neither robber barons nor “political entrepreneurs.” They were “market entrepreneurs”—honest ...
Freedom or Equality addresses those challenges while presenting a fresh examination of Social Capitalism—a moderate option between extreme solutions of all sorts that can deliver superior growth and prosperity worldwide.
... different.58 Still not all scholars are convinced, and some would insist that a specifically “medieval market morality” existed.59 This is obvious, as times and ages change, as do people's conceptualizations of markets and economy.
Real Freedom for All will be essential reading for anyone concerned about the just society and the welfare state as we move into the twenty first century.