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Selected by the Times Literary Supplement as one of the "hundred most influential books since the war"
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 eighteen languages, and shows every sign of becoming more and more influential as time goes on.
About the Author
Milton Friedman (1912–2006) was an economist who taught at the University of Chicago for more than three decades. He was a recipient of the Nobel Memorial Prize in Economic Sciences, and is known for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy. He was a principal founder of what has come to be known as the Chicago School of Economics. He was a well-known public champion of laissez-faire capitalism.
In 1962 the University of Chicago Press published Capitalism and Freedom, one of the most influential books of the twentieth century. In 1998 the Press published Two Lucky People, the memoir by Milton and Rose Friedman of their joint lives and work. In reviewing the book in the New York Times Book Review, David Brooks wrote: “This is a book that restores your faith in reasoned discourse.… There really are people who believe in scholarly exchange as a way to discover truth.”