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. |
From inside the book
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Page v
... BUSINESS AND LABOR 119 IX OCCUPATIONAL LICENSURE 137 X THE DISTRIBUTION OF INCOME 161 XI SOCIAL WELFARE MEASURES 177 XII ALLEVIATION OF POVERTY 190 XIII CONCLUSION 196 INDEX 203 Preface , 2002 I IN MY PREFACE TO THE 1982.
... BUSINESS AND LABOR 119 IX OCCUPATIONAL LICENSURE 137 X THE DISTRIBUTION OF INCOME 161 XI SOCIAL WELFARE MEASURES 177 XII ALLEVIATION OF POVERTY 190 XIII CONCLUSION 196 INDEX 203 Preface , 2002 I IN MY PREFACE TO THE 1982.
Page vii
... income . Most of this spending was on defense . Non - defense spending was 12 percent of national income . Twenty - five years later , when the 1982 edition of this book was published , total spending had risen to 39 percent of national ...
... income . Most of this spending was on defense . Non - defense spending was 12 percent of national income . Twenty - five years later , when the 1982 edition of this book was published , total spending had risen to 39 percent of national ...
Page 3
... income from the rich to the poor or from private to governmental pur- poses . They are in a sense right . But this coin has two sides . The power to do good is also the power to do harm ; those who con- trol the power today may not ...
... income from the rich to the poor or from private to governmental pur- poses . They are in a sense right . But this coin has two sides . The power to do good is also the power to do harm ; those who con- trol the power today may not ...
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Page 17
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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