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Publisher's Summary

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 18 languages, and shows every sign of becoming more and more influential as time goes on.

This updated edition includes a new preface by the author.

©1962, 1982, 2002 The University of Chicago (P)2017 Blackstone Audio, Inc.

What listeners say about Capitalism and Freedom, Fortieth Anniversary Edition

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Great book. Impossible listening experience

The narrator alternates between words and sentences pronounced quickly to super slowly. It’s impossible to find a convenient listening speed, as it is always too slow or too fast at different times

9 people found this helpful

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A Classic Miserably Produced and Narrated.

What a shame that this major classic in the history of economics and politics suffers from an insufferable narration. It deserved much, much better.

8 people found this helpful

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A poor execution of a great book.

Would you recommend this book to a friend? Why or why not?

Capitalism and Freedom is a well-written and insightful book on the merits of economic, political, and civil freedom. Unfortunately, this narrative is poorly executed and does not do the content justice. Thus, I would not recommend this recording to any of my friends or colleagues.

How did the narrator detract from the book?

The narrator for the main portion of the recording (Preface onward) has a high, reedy voice, poor intonation and awkward cadence. The audio recording and mixing was of poor quality and reminded me of elementary school audio filmstrips. Overall, I found the clumsy delivery so distracting that I was unable to finish the book.

14 people found this helpful

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unbearable to listen to

the preview narrator is not the same as the author in the meat of the book.

5 people found this helpful

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Reductionism and Freedom

As some who favors a decentralized economy, I picked up this book with a open mind. There are times in the book where certain ideas about taxation and deregulation did make some sense.

However, as I kept reading, to my surprise, time and time again, I was bombarded with a reductionist view of our socio-economic climate that felt so outdated and out of touch with the current realities that we face in our economy. At times the teachings of this book are borderline perverse and severely brainwashy, failing to address key issues.

Why you ask? Most solutions presented fall back on total deregulation and relying on the free market/invisible hand. Now if we pause and take a breath, looking at America right now, we see many of the redundant solutions he presents, even if adopted 1/3 of the way would have enabled the current issues that Capitalist America faces. Many suggestions made in the book are actually a reality by now.

For example, let's look at the amount of money private contractors make from the govt and how skewed our budgets are.. always lopsided in favor of militar spending. The book doesn't even address neoconservatives and neoliberals who benefit the most from such an approach.

Another example, The revolving doors between policy makers and the corporations that are to be regulated flow freely and dictate our social condition and of future generations. The Federal reserve is also privatized and runs our pyramid scheme of an economy, devaluing currency annually through inflation, how is that better than the greenbacks that were printed during Lincolns time that were still backed by metals?


When the private sector has destroyed Healthcare and private loans trapped students in a quicksand of debt, how does it make sense to leave everything to the free market when there are big players in the private and public sector looking to abuse the structure by shooting as many holes through the already heavy free market society that we live in? How can you achieve fairness when you'd erect a system that blatantly favors the corporations, lobbyists, and bought politicians?

There's a lot more to say, but I'd rather end with saying, do not do yourself a disservice by only reading this perspective as it is quite hollow and negates several aspects of our socioeconomic society, and reduces serious issues to non issues that would supposedly be solved in a pure free market. It's nothing but fantasy as we can see the results of the private sector in the prison industry, healthcare/insurance, and so on, but he suggests let's go all in and privatize and deregulate everything.

It would be best to educate yourself on the dangers of neoliberalism and neoconservatism, how the private and public sector are manipulated, and how the deep state keeps things status quo. If you're looking for solutions that our civilization faces right now then a good book is, The New Human Rights Movement: Reinventing the Economy to End Oppression

3 people found this helpful

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Utterly Impossible To Listen To

I have seriously underestimated how important the reader is to how enjoyable/understandable these audiobooks are. I was so looking forward to listening to this book but the cadence and intonation (or lack thereof) of this this reader made the book all but completely impossible to follow. THE VOICE ON THE SAMPLE TRACK IS ONLY THE VOICE FOR THE INTRO. Fortunately Audible lets you exchange books that are no good. I recommend either Free to Choose or The Road to Serfdom as alternatives with better readers.

6 people found this helpful

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Sample is not the narrator

The voice in the sample audio is not the voice that reads the book. The book is read by a computer voice

2 people found this helpful

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Worse than listening to Bieber

Great topic and great book for econ lovers and students, but the narration crushed my desire to keep listening. I did, because I thoroughly enjoy Friedman's ideas, but just a terrible listen.

5 people found this helpful

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Must read for any American.

Love the content. Hate hate hate the narrator. I tried a couple versions and didn't like any. This was the best of all the bad performances.

4 people found this helpful

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Free Markets and Personal Responsibility

The title of this post is an alternative name.

“The condition upon which God hath given liberty to man is eternal vigilance; which condition if he break, servitude is at once the consequence of his crime and the punishment of his guilt.” -John Curran

1 person found this helpful

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  • Milan Topalov
  • 03-19-19

Neoliberalism explained. Get to know your enemy!

Book explains why everybody thought free markets will best take care of the world if left to own devices and offers clear insight into premises used by the today's elites to lead us. And, may I add, when one takes into account the environmental damage this thinking is doing, books helps one understand why it is so wrong and dangerous.

4 people found this helpful

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  • Anonymous User
  • 07-23-18

Brilliant book, very poor audio

The book is deffinitely a good read, but I don't recommend listening to this audiobook. It's very poor quality, almost like a voice synthesizer. The voice makes the book really boring to listen.

2 people found this helpful

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  • Callum
  • 05-10-21

Great book, a real eye opener to the issues of modern day society

Amazing book, only three chapters in, I wanted to hear is because I heard it from a YouTuber I watch. Shows the issues linked to socialism and the how capitalism gives freedom and how socialism and democracy are oxymorons is a baser term. Only issue comes in the fact of at times the audio on this is not perfect but it is bearable.

1 person found this helpful

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  • raymond taptue
  • 02-26-18

Total disrespect to Milton Friedman.

the reading was a disaster for this piece of arts. parts missing. I would not recommend this book to anyone. it is incomplete and the reader is the worst I have come to in my whole life.

4 people found this helpful

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  • Reginald pelle
  • 08-28-21

Classy and Insightful

I love Milton Friedman, as much as I adore this book. Classy and insightful, in every length and breadth.

Thomas Sowell exercises your brain, and do your own research. But Milton, engages you to improve and nurture your intellect.

Heaven is the free market, and on the ground, how do we become intelligent, in everything we do and serve, while attempting to understand the significance of freedom.