Capitalism and Freedom: Fortieth Anniversary Edition Author: Milton Friedman | Language: English | ISBN:
B006JP11HQ | Format: EPUB
Capitalism and Freedom: Fortieth Anniversary Edition Description
Selected by the Times Literary Supplement as one of the "hundred most influential books since the war"
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.
- File Size: 381 KB
- Print Length: 228 pages
- Page Numbers Source ISBN: 0226264211
- Publisher: University of Chicago Press; 40 Anv edition (February 15, 2009)
- Sold by: Amazon Digital Services, Inc.
- Language: English
- ASIN: B006JP11HQ
- Text-to-Speech: Enabled
X-Ray:
- Lending: Enabled
- Amazon Best Sellers Rank: #18,394 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
- #2
in Kindle Store > Kindle eBooks > Business & Money > Economics > Free Enterprise - #3
in Books > Science & Math > Earth Sciences > Geography > Regional - #5
in Books > Business & Money > Economics > Free Enterprise
- #2
in Kindle Store > Kindle eBooks > Business & Money > Economics > Free Enterprise - #3
in Books > Science & Math > Earth Sciences > Geography > Regional - #5
in Books > Business & Money > Economics > Free Enterprise
Friedman's critics and fellow travelers in the libertarian fold rightfully viewed Capitalism and Freedom as a landmark book in 1962. The author brilliantly, if albeit briefly, articulated his theories of human behavior, which stood in contrast to the prevailing Keynesian ideology. The book has stood the test of time, and has become a classic part of libertarian literature. Like Marx's Das Kapital, the book has become a common point of reference for review in many college courses for members of the Left and the Right.
Some quick notes. The book was not written as an exhaustive economics treatise that purported to evaluate every single possible component of economics. Friedman did not present every single ideological permutation's view of price supports for farm products, as an example. Anyone looking for Every Possible Libertarian Opinion on a Given Economic Question, much less the contrasting viewpoints of Marxists/Neo-Keynesians/Flat Earth Society proponents, will need to look elsewhere (Keynesian Paul Samuelson's classic work, "Economics", is recommended for as a starting point). Friedman's reputation in the economics profession was not earned from this book, but his other works, especially his "Monetary History of the United States".
As for Paul Krugman's criticisms of Milton Friedman, the potential reader should heed the old axiom, "consider the source". Krugman is a brilliant economist, who after being exposed for decades to a mass of information on the failings of government meddling in the economy, persistently recommends a watered down version of the same failed policies that didn't work in the past.
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