Capitalism and Freedom: Fortieth Anniversary EditionUniversity of Chicago Press, 2002 M11 15 - 208 pages Selected by the Times Literary Supplement as one of the "hundred most influential books since the war" How can we benefit from the promise of government while avoiding the threat it poses to individual freedom? In this classic book, Milton Friedman provides the definitive statement of his immensely influential economic philosophy—one in which competitive capitalism serves as both a device for achieving economic freedom and a necessary condition for political freedom. The result is an accessible text that has sold well over half a million copies in English, has been translated into eighteen languages, and shows every sign of becoming more and more influential as time goes on. |
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Page iv
... United States of America 09 08 07 06 05 04 03 ISBN : 0-226-26421-1 ( paper ) 2345 ISBN : 0-226-26420-3 ( cloth ) Library of Congress Cataloging - in - Publication Data Friedman , Milton , 1912– Capitalism and freedom / Milton Friedman ...
... United States of America 09 08 07 06 05 04 03 ISBN : 0-226-26421-1 ( paper ) 2345 ISBN : 0-226-26420-3 ( cloth ) Library of Congress Cataloging - in - Publication Data Friedman , Milton , 1912– Capitalism and freedom / Milton Friedman ...
Page vii
... United States — federal , state , and local — was equal to 26 percent of national income . Most of this spending was ... United States . They were able to curb Leviathan , though not to cut it down . Total government spending in the ...
... United States — federal , state , and local — was equal to 26 percent of national income . Most of this spending was ... United States . They were able to curb Leviathan , though not to cut it down . Total government spending in the ...
Page viii
... United States and Great Britain is equally true for the other Western advanced countries . In country after country , the initial postwar decades witnessed exploding socialism , followed by creeping or stagnant social- ism . And in all ...
... United States and Great Britain is equally true for the other Western advanced countries . In country after country , the initial postwar decades witnessed exploding socialism , followed by creeping or stagnant social- ism . And in all ...
Page 5
... United States , come to have a very different meaning than it did in the nineteenth century or does today over much of the Continent of Europe . As it developed in the late eighteenth and early nineteenth centuries , the intellectual ...
... United States , come to have a very different meaning than it did in the nineteenth century or does today over much of the Continent of Europe . As it developed in the late eighteenth and early nineteenth centuries , the intellectual ...
Page 8
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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 |
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Common terms and phrases
A. V. Dicey achieve activities amount annuities argument arrangements banks capital Capitalism and Freedom capitalist cent certification chapter competition contracts costs countries course currency decline dollars earnings economic freedom enforce enterprise equal ernment example exchange rates expenditures favor federal 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 principles 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