The Machinery of Freedom: Guide to a Radical Capitalism

Front Cover
Open Court, 1995 - Business & Economics - 267 pages
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.

From inside the book

What people are saying - Write a review

LibraryThing Review

User Review  - antiquary - LibraryThing

To me, this is very stimulating but rarely credible. The author is a personal friend, and I have debated many of these issues with him withoput either of us convincing the other. Read full review



49 other sections not shown

Other editions - View all

Common terms and phrases

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.

Bibliographic information