The Machinery of Freedom: Guide to a Radical Capitalism

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Open Court, 1995 - Business & Economics - 267 pages
20 Reviews
This book argues the case for a society organized by private property, individual rights, and voluntary co-operation, with little or no government. David Friedman's standpoint, known as 'anarcho-capitalism', has attracted a growing following as a desirable social ideal since the first edition of The Machinery of Freedom appeared in 1971. This new edition is thoroughly revised and includes much new material, exploring fresh applications of the author's libertarian principles.

Among topics covered: how the U.S. would benefit from unrestricted immigration; why prohibition of drugs is inconsistent with a free society; why the welfare state mainly takes from the poor to help the not-so-poor; how police protection, law courts, and new laws could all be provided privately; what life was really like under the anarchist legal system of medieval Iceland; why non-intervention is the best foreign policy; why no simple moral rules can generate acceptable social policies -- and why these policies must be derived in part from the new discipline of economic analysis of law.

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Review: The Machinery of Freedom: Guide to a Radical Capitalism

User Review  - JP - Goodreads

I expected another worthy introduction to Libertarianism, but that's not what this is. Friedman does lay out the usual arguments about use of force and individual freedom. He extends from there into ... Read full review

Review: The Machinery of Freedom: Guide to a Radical Capitalism

User Review  - Jayesh - Goodreads

The book describes how a society without government would look like, and how even traditional functions like enforcing law and order and even defense could be provided in the private markets. However ... Read full review

Contents

V
1
VI
3
VII
12
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About the author (1995)

Friedman, the son of one of this century's greatest economists, began by studying physics, and gained his Ph.D. in that subject before himself turning to economics. He teaches economics at the University of Chicago.

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