It is a rare professor who greatly alters the thinking of his professional colleagues. Its an even rarer one who helps transform the world. Friedman has done both.
- Stephen Chapman Chicago Tribune How can we benefit from the promise of government while avoiding the threat it poses to individual freedom? In his classic book Capitalism & Freedom Milton Friedman presents his view of the proper role of competitive capitalism
- the organization of the bulk of economic activity through private enterprise operating in a free market
- as both a device for achieving economic freedom & a necessary condition for political freedom. He also outlines the role that government should play in a society dedicated to freedom & relying primarily on the market to organize economic activity. Friedman begins with a discussion of the principles of a truly liberal society. He then applies those principles to a range of pressing problems including monetary policy discrimination education income distribution welfare & poverty. The result is a book that has sold well over half a million copies in English has been translated into eighteen languages & has become increasingly influential in recent years as more & more governments have moved from highly planned economies to embrace free market economics."