Capitalism and FreedomIn Capitalism and Freedom, economist Milton Friedman argues that political and economic freedom are inextricably linked, promoting laissez faire and individual choice over government intervention in markets through tariffs, subsidies and regulations. The book, along with Friedman's other writing, is credited with reviving conservative economic theory and influencing policies designed to decrease government spending following the Great Depression. In so doing, it put forth many ideas--for example, a flat income tax and school vouchers--that feature heavily in political discourse today. |
Contents
Friedman | 2 |
THE ROLE OF GOVERNMENT IN A FREE SOCIETY | 22 |
THE CONTROL OF MONEY | 37 |
Copyright | |
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achieve activities amount annuities argument arrangements balance wheel banks CAPITALISM AND FREEDOM capitalist cent certification chapter competition contracts costs course currency decline dollars earnings economic freedom enforce enterprise equality example exchange rates expenditures favor federal Federal Reserve Act FEPC fiduciary currency finance floating exchange rates foreign fraction free market free society gold standard governmental groups higher important imposed incentive income tax individuals inequality interest intervention investment involved justify Keynesian kind labor labor unions less liberal licensed licensure limited major means measures ment Milton Friedman monetary neighborhood effects nomic occupation particular payments physicians political freedom practice present principle problem produce public housing reason reduce regard restrictions right-to-work law role schools sell social spend stock of money subsidy tariffs technical monopoly tion trade unions United voluntary wage