Capitalism and Freedom,
by Milton Friedman. This short, concise, readable and
powerful 1962 book originated in a series of 1950s lectures by Nobel
Prize winner Friedman in which he explained the critical linkage between
economic and political freedoms. You don't have to be an economics
major to understand Friedman's forceful arguments that free and
competitive markets, rather than government programs, best address
societal issues such as discrimination, poverty and education. Friedman
maintains that governments should focus on their most legitimate roles--a court system, law and order, defense, and the setting of the ground
rules in society--and then encourage vigorous private competition. In
today's world it is not uncommon for people who want to improve the
economic plight of the poor to implicitly believe that government
programs intended to help the poor will actually have that result.
While Friedman would like to reduce poverty, ignorance and
discrimination as much as anyone else, he has the rare courage and
independence to advocate that which economic theory suggests are the
most effective solutions, not necessarily the most popular. I first
read this book 30 years ago, and it's no exaggeration to say that it
fundamentally challenged my thinking. |

ISBN:
0226264017
Format: Paperback, 202pp
Pub. Date: June 1972
Publisher: University of Chicago Press
"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 |