3 of 4 people found the following review helpful
Classical liberalism for modern America,
This review is from: Capitalism and Freedom: Fortieth Anniversary Edition (Paperback)
Milton Friedman _Capitalism and Freedom_ presents an analysis of modern America (at least the America of 1960) against the values of classical liberalism. First he begins with an arguement that economic freedoms can't be separated from other personal freedoms, such as speech or privacy. He than lays out the basic values of classical liberalism and proceeds to test the American experience in various areas of public policy against this principles. Of course he finds that the country has moved away from the path to freedom, as he sees it, and presents various routes to its return.
For the most part I enjoyed the book but some areas, such as in fiscal and monetary problems, I had difficulty since I have no economics training. While Friedman's arguements are interesting they are hardly groundbreaking. Anyone familar with the development of liberal thought will be able to anticipate his point of view. But it is refreshing to see these ideas held up to American public policy.