Capitalism and Freedom
Capitalism and Freedom
Milton Friedman
Patrick Bet-David
Patrick Bet-David recommended this book on his website.
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Capitalism and Freedom

Capitalism and Freedom

Milton Friedman
By
Milton Friedman
3.9
899
ratings on Goodreads

In "Capitalism and Freedom," Nobel Laureate Milton Friedman presents a compelling case for the inseparability of economic liberty and political freedom, positing that the former is both a prerequisite for and an inherent component of the latter. Through incisive analysis and eloquent argumentation, Friedman dismantles the misconception that the state's intervention in the economy is benign or beneficial. Instead, he champions the virtues of a market-driven economy where individual choice and competitive capitalism not only foster economic growth but also underpin a free society. This seminal work transcends its era, offering timeless insights into the dynamics of freedom and the economy. Friedman's masterpiece is as provocative as it is persuasive, inviting readers to reconsider their assumptions about the role of government in our lives. With clarity and precision, "Capitalism and Freedom" articulates a vision where economic policies are evaluated not by their intentions but by their outcomes, advocating for a societal structure that maximizes both individual freedom and collective prosperity. As relevant today as when it was first published, Friedman's work continues to influence thoughts on economic policies and the fundamental principles of a free society, making it an essential read for anyone interested in the intersection of economics and liberty.

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Released
1962
1 Jan
Length
208
Pages

1

recommendations

recommendation

Patrick Bet-David recommended this book on his website.
In a much quoted passage in his inaugural address, President Kennedy said, "Ask not what your country can do for you -- ask what you can do for your country." It is a striking sign of the temper of our times that the controversy about this passage centered on its origin and not on its content. Neither half of the statement expresses a relation between the citizen and his government that is worthy of the ideals of free men in a free society. The paternalistic "what your country can do for you" implies that government is the patron, the citizen the ward, a view that is at odds with the free man's belief in his own responsibility for his own destiny. The organismic, "what you can do for your country" implies that government is the master or the deity, the citizen, the servant or the votary. To the free man, the country is the collection of individuals who compose it, not something over and above them. He is proud of a common heritage and loyal to common traditions. But he regards government as a means, an instrumentality, neither a grantor of favors and gifts, nor a master or god to be blindly worshiped and served. He recognizes no national goal except as it is the consensus of the goals that the citizens severally serve. He recognizes no national purpose except as it is the consensus of the purposes for which the citizens severally strive.
— Milton Friedman, Capitalism and Freedom

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