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Capitalism and Freedom: Fortieth Anniversary Edition Paperback – Nov 15 2002
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"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
From the Inside Flap
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.
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Top Customer Reviews
The chapter on monetary policy is very interesting. Friedman considers monetary policy to be one of those activities over which a government can exercise a legitimate monopoly. This has however been disputed in recent years by more libertarian thinkers - even when it comes to printing and distributing money, there is no good a-priory reason why a private entity wouldn't be able to accomplish this as well. In fact, I would probably have more trust in money issued by some well established corporations or banks than that issued by 90%+ of governments around the world. In this chapter Friedman also goes at length expounding on pros and cons of the gold standard, which nowadays is not all that in vogue at all.Read more ›
People often caricature Friedman to their own discredit. His arguments here are not simply that government is bad, but that using government is often a poor way to get at a desirable social end. He certainly does not need me to speak for him, but if you think he is for huge corporations and letting the poor without help to fend for themselves, you misunderstand him and should read this work carefully. Big corporations, he argues several places in this book, are the result of taxation schemes that encourage the retention and reinvestment of earnings that would otherwise have gone to the shareholders to reinvest as they see fit - in other enterprises, consumption, or charity (as well as in taxes). This is only one example among many of popular prejudices against Friedman that do him real injustice.
The book is only a couple of hundred pages, is not hard to read, but does pay off the most dividends if you take your time reading it and consider what he has to say rather than jumping to conclusions without wrestling with your own thoughts (whether you agree with the author or not). It was written in 1962, so some of the context of the book will require some understanding on the part of the reader.Read more ›
Most recent customer reviews
This is a relatively good (but biased) introduction to capitalism. The view of the author of the political capitalist system is overwhelmingly optimistic, but the disadvantages of... Read morePublished 18 months ago by michel Lavoie
I loved this book. It may be the most concise review of Libertarian philosophy. Friedman explains so many of the ills of our economic establishment. Read morePublished on June 12 2014 by Peter Biehl
All excellent, quickly sent. This is an excellent service that we are very lucky to have, especially in smaller communities where such materials are difficult to source otherwise.Published on Jan. 15 2013 by Alan Grant
It has taken me these many years to get around to reading this classic on libertarian capitalism and, contrary to the views of a growing number of economic naysayers, Friedman... Read morePublished on March 10 2012 by Ian Gordon Malcomson
It is a passionate argument on a key topic, but it lacks penetrating insight on the real world. Reading it does not give you a sense of the changing world such as the economic boom... Read morePublished on June 9 2006 by Expat-biz-Hong Kong
Milton Friedman's book entitled 'Capitalism and Freedom' presents the ideological foundations of the prevailing greed-driven ethos of Corporate Globalization. Read morePublished on Sept. 25 2005 by J. Stokes
How can we benefit from the promise of government while avoiding the threat it poses to individual freedom? Read morePublished on April 17 2004 by B. Viberg
Capitalism has risen and crushed its opponents, socialism and communism, because the principals of capitalism rely on sheer power. Read morePublished on April 15 2004
Once this topic is discussed, it no longer can be denied that it,
having breeched itself, is a topic. Read more
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