Milton Friedman argues that the appropriate role of competitive capitalism occurs when the majority of our economic activity flows through private enterprise within a free-market environment. This is unequivocally the most effective device for achieving economic freedom, as well as the necessary condition in which political freedom can be attained. Friedman's arguments are positively bold, enlightening, and impacting. Among the specific topics he addresses are "The Control of Money", "Fiscal Policy", "Capitalism and Discrimination", and "Social Welfare Measures".
Milton Friedman (1912-2006) was perhaps the most influential economist of the 20th century. Professor, columnist, author, and advisor, he was awarded the 1976 Nobel Prize in economic sciences.
©1962 The University of Chicago (P)1989 Blackstone Audio, Inc.
"The most influential…economist since World War II." (Washington Post)
"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." (Newsweek)
"The economist of the century." (Fortune)
A classic that I enjoy reviewing on an annual basis...now I'm glad it's on audio! Friedman lays out the foundational principles for a free (liberal) society--one based on free markets and liberty. The introduction and first two chapters provide an ideological defense for capitalism. The remaining chapters provide insights on how to apply market-based approaches to various economic and social concerns. What makes the application chapters interesting is that many of these problems, such as social security, healthcare, poverty, etc are described by Friedman when this book was originally published in the early 1960s are still relevant today.
Chapters 1 and 2. They are timeless and foundational
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