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 xiv
... chapter 2 of this book , the list of items that , I said , " cannot , so far as I can see , validly be justified in terms of the principles outlined above . " He was doing very well with the audience of students as he went through my ...
... chapter 2 of this book , the list of items that , I said , " cannot , so far as I can see , validly be justified in terms of the principles outlined above . " He was doing very well with the audience of students as he went through my ...
Page xv
... chapters of this book , dealing with principles , and then applied the principles to a varied set of special problems . I am indebted to the directors of these conferences not only for inviting me to give the lectures , but even more ...
... chapters of this book , dealing with principles , and then applied the principles to a varied set of special problems . I am indebted to the directors of these conferences not only for inviting me to give the lectures , but even more ...
Page xvi
... Chapter vi is a revision of an article by the same title first published in Robert A. Solo ( ed . ) , Economics and the Public Interest ( Rutgers University Press , 1955 ) . Bits and pieces of other chapters have been taken from various ...
... Chapter vi is a revision of an article by the same title first published in Robert A. Solo ( ed . ) , Economics and the Public Interest ( Rutgers University Press , 1955 ) . Bits and pieces of other chapters have been taken from various ...
Page 4
... chapters deal with these issues on an abstract level , in terms of principles rather than concrete application . The later chapters apply these principles to a variety of particu- lar problems . An abstract statement can conceivably be ...
... chapters deal with these issues on an abstract level , in terms of principles rather than concrete application . The later chapters apply these principles to a variety of particu- lar problems . An abstract statement can conceivably be ...
Page 6
... I shall resolve these difficulties by using the word liberalism in its original sense - as the doc- trines pertaining to a free man . Chapter I + The Relation between Economic Freedom and Political 6 CAPITALISM AND FREEDOM.
... I shall resolve these difficulties by using the word liberalism in its original sense - as the doc- trines pertaining to a free man . Chapter I + The Relation between Economic Freedom and Political 6 CAPITALISM AND FREEDOM.
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