Capitalism and Freedom: Fortieth Anniversary Edition

Milton Friedman, Rose D. Friedman

University of Chicago Press, Nov 15, 2002 - Business & Economics - 208 pages

This is a new edition of Milton Friedman's classic 1962 capitalist manifesto. As such, it was ignored, spurned and hated for decades by the intellectual, post-Keynesian establishment. In the 60s, Friedman once found himself debating a liberal who attacked him by simply reciting Friedman's views of the proper role of government. This was working rather well with the audience of college students until he quoted Friedman's opposition to the military draft. Friedman suddenly found himself awash in the unexpected cheers of students. Perhaps it was a foreshadowing of his career. Friedman won the Nobel Prize in Economics in 1976, and his ideas gained some degree of mainstream acceptance in the Reagan years - although many of his thoughts remain controversial. To the extent that Friedman debunks myths about the Great Depression that are widely accepted as fact, perhaps he has a point about the semi-privatization of education. getAbstract strongly recommends this volume to those who seek a deeper understanding of government's role in a free-market economy.

What people are saying

User Review -

Podría decirse que es falaz y manipulador hasta la náusea, pero la mejor crítica a este libro no está en estas líneas, sino en las calles que hoy se llenan de parados, en el aumento de la pobreza y la desigualdad, en el deterioro galopante de la democracia, en la vulneración de los derechos humanos que sucede diariamente en las letrinas del mercado global. La mejor crítica a este libro es una realidad que desmiente cada una de sus tesis. Se ha dicho sobre Friedman que es el ejemplo vivo de que las ideas tienen consecuencias, lamentablemente, las ideas abanderadas por este individuo han contribuido a incrementar la barbarie del mundo en el que vivimos. 

User Review -

Friedman thinks logically about issues of freedom that are always relevant.

Contents

• THE RELATION BETWEEN ECONOMIC FREEDOM AND POLITICAL FREEDOM: 7
• THE ROLE OF GOVERNMENT IN A FREE SOCIETY: 22
• THE CONTROL OF MONEY: 37
• INTERNATIONAL FINANCIAL AND TRADE ARRANGEMENTS: 56
• FISCAL POLICY: 75
• THE ROLE OF GOVERNMENT IN EDUCATION: 85
• CAPITALISM AND DISCRIMINATION: 108
• MONOPOLY AND THE SOCIAL RESPONSIBILITY OF BUSINESS AND LABOR: 119
• OCCUPATIONAL LICENSURE: 137
• SOCIAL WELFARE MEASURES: 161
• SOCIAL WELFARE MEASURES: 177
• ALLEVIATION OF POVERTY: 190
• CONCLUSION: 196
• INDEX: 203

About the author

Milton Friedman is a senior research fellow at the Hoover Institution, Stanford University, and the Paul Snowden Distinguished Service Professor Emeritus of Economics at the University of Chicago. In 1976 he was awarded the Nobel Prize in economics. He has written a number of books, including two with his wife, Rose D. Friedman--the bestselling Free to Choose and Two Lucky People: Memoirs, the latter published by the University of Chicago Press.

Bibliographic information

• Title: Capitalism and Freedom: Fortieth Anniversary Edition; Business book summary
• Authors: Milton Friedman, Rose D. Friedman
• Edition: reprint
• Publisher: University of Chicago Press, 2002
• ISBN: 0226264211, 9780226264219
• Length: 208 pages
• Subjects: Business & Economics / Economics / Theory; Business & Economics / Free Enterprise & Capitalism; Business & Economics / General