"Milton Friedman is one of the nation's outstanding economists, distinguished for remarkable analytical
powers and technical virtuosity. He is unfailingly enlightening, independent, courageous, penetrating, and above
all, stimulating."
--Henry Hazlitt, Newsweek
"It is a rare professor who greatly alters the thinking of his professional colleagues. It's an even rarer
one who helps transform the world. Friedman has done both."
--Stephen Chapman, Chicago Tribune
University of Chicago Press Web Site, December, 2002
Summary
How can we benefit from the promise of government while avoiding the threat it poses to individual freedom?
In his classic book, Capitalism and Freedom, Milton Friedman presents his view of the proper role of competitive
capitalism--the organization of the bulk of economic activity through private enterprise operating in a free market--as
both a device for achieving economic freedom and a necessary condition for political freedom. He also outlines
the role that government should play in a society dedicated to freedom and relying primarily on the market to organize
economic activity.
Friedman begins with a discussion of the principles of a truly liberal society. He then applies those principles
to a range of pressing problems, including monetary policy, discrimination, education, income distribution, welfare,
and poverty. The result is a book that has sold well over half a million copies in English, has been translated
into eighteen languages, and has become increasingly influential in recent years as more and more governments have
moved from highly planned economies to embrace free market economics.
Table of Contents
Preface, 2002
Preface, 1982
Preface
Introduction
p. 1
The Relation Between Economic Freedom and Political Freedom
p. 7
The Role of Government in a Free Society
p. 22
The Control of Money
p. 37
International Financial and Trade Arrangements
p. 56
Fiscal Policy
p. 75
The Role of Government in Education
p. 85
Capitalism and Discrimination
p. 108
Monopoly and the Social Responsibility of Business and Labor
p. 119
Occupational Licensure
p. 137
The Distribution of Income
p. 161
Social Welfare Measures
p. 177
Alleviation of Poverty
p. 190
Conclusion
p. 196
Index
p. 203
Table of Contents provided by Blackwell. All Rights Reserved.