Download Capitalism and Freedom Fortieth Anniversary Edition Milton Friedman Books

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Product details Paperback 224 pages Publisher University of Chicago Press; First edition edition (November 15, 2002) Language English ISBN-10 0226264211

Capitalism and Freedom Fortieth Anniversary Edition Milton Friedman Books Reviews

• This early work of Friedman (and famously his wife, Rose) is a seminal book and tutorial about the uniqueness of capitalism, and how that contrast with competing economic models. I think Friedman's writing lacks the punch and humor of his later, more mature work. But for anyone seeking a quick and tidy insight, and a general understanding of why freedom contributes to, rather than detracts from, liberty, this is the place to start. In an era when, wealth redistribution, tax the rich rhetoric, supply side hyperbole, and embraced deficits, are in vogue, Freidman tosses the baby out with the bath water, in arguing that the only responsibility of a person in a capitalist society is to earn as much as his thoughts and energies will allow. And in so doing improve the lot of all. He also argues rather brilliantly, that underclasses who come to embrace entitlements instead of opportunity are selling them selves and society short, as settling for a handout is nothing compared to the rewards and example, of rising on one's merit. Finally he demonstrates how collectivist society's come to be riddled with inefficiency, plagued by corruption and leveraged towards elite's at the expense of individuality, and the right to live as one see's fit.
• A surprisingly in-depth look (for such a short book) at various market factors that capitalism affects and is affected by. I didn't expect to find any justifications for ANY government intervention in the market, but Friedman spells out many situations that he feels it would be justified, how it would affect the situation and what the alternatives would be. On the whole, this is an expertly written treatise on free market economics, or as free as rationally viable (given the political climate of the time).
• This is an old text, written in the 60’s, and a lot has since changed and therefore some is out of date. Regardless, there are many good points. i.e. corporate tax reduction, part of the suggested licensing changes, some on market intervention. But holistically this book espouses laissez faire economics and close to a 100% and unregulated free market. It certainly makes you think, but accepting it holistically would be catastrophic and ridiculous. Reading it today provides a great economic history lesson, tremendous food for thought and many good ideas, some of which should be implemented.. This is highly recommended reading!
• A rational and well thought out view on the value of free markets and voluntary exchange for modern economies. With today's shift toward bigger government and ever further redistribution, Friedman's ideas are more important than ever. Economic decisions made by a society of individuals is what allowed the US become an economic powerhouse, not a government induced separation of work and reward. Bernie Sanders would NOT approve this message.
• A man who knew all the arguments for real capitalism. Kind, persuasive approach attracts interested listeners, deep understanding of benefits of real free markets. Highly recommended for millennials who lean toward socialist theory, wrongly assuming that socialism means "sharing".
• Nearly two decades before Free to Choose hit the air (and bookstores), Milton Friedman laid out his "classical liberal" ideology in practical terms, addressing concrete policy issues. Obviously some of the topics addressed are no longer relevant today - the gold standard was dropped nine years after the book's publication - but Capitalism and Freedom remains a standard for libertarian political philosophy. Policy suggestions - even dated ones - serve to illuminate and clarify Friedman's ideology, one which equated economic and political freedom; without the former, the latter is an illusion.
• For those who think capitalism is not superior to socialism.... please leave my freedom alone. Thanks a bunch.
• No other book anywhere is more important for the student of economics. Compared to other books on economics, it is very concise and well written. You will gain more insight per minute of time expended than from almost any other text.
  The book is timeless because the principles Professor Friedman explains are bedrock foundations of the Capitalist economic system. In almost all universities you are taught a system of thought that inevitably leads to an emphasis and reliance upon Government and the State, basically, socialism as a solution to our economic problems. Professor Friedman clearly spells out better solutions in which markets can solve our problems more efficiently than Government and Socialism. More important, Friedman shows that only Capitalism is consistent with the concepts of Liberty that motivated the Founding Fathers of the United States, principles that led to the drafting of the Constitution. The book Captialism and Freedom has stood the test of time, and still represents the single best source to obtain an understanding of economic markets and how they work, without jargon or mathematics. Instead, Friedman goes directly to the essence of market economics, and liberty, in a simple and straightforward manner. This book will show you how you can use the economic system to make yourself an independent person, capable of taking advantage of the liberty that free markets promote.
  This book will help you understand why the institutions of Government, such as the public schools, the Post Office, and the Federal Reserve Board, inevitably become inefficient and problematic compared to private enterprise solutions. At present, Professor Friedman heads up a foundation, The Friedman Foundation, which promotes free enterprise within the public school system, referred to as School Choice and Vouchers. The intellectual concepts for this suggested improvement in our public schools were spelled out in Captialism and Freedom. Finally, Professor Friedman spells out the intellectual foundation for the results of his study of the history of monetary policy and the inevitable problems of the Federal Reserve Board. The problems of the Federal Reserve that were discussed in Professor Friedman's Monetary History of the United States are problems that are inherent in government enterprise, issues that are discussed in Capitalism and Freedom.
  This book is a must read for any serious student of Politics or Economics. Also, because the book is written in a simple and straightforward manner, any lay person without training in economics will gain fundamental insight into the structure of the Capitalist system and the inevitable problems of Socialism.