Capitalism and Freedom
Milton Friedman
Friedman's argument is that economic freedom is a precondition of political freedom. The specific proposals include school vouchers, a flat income tax without deductions, a negative income tax, floating exchange rates in place of Bretton Woods, and a fixed rule for money supply growth instead of Federal Reserve discretion. First published in 1962 by the University of Chicago Press; the link is the fortieth anniversary edition.
Why you should read this
A classic statement of the Chicago School case for limited government, Milton Friedman's book argues that competitive markets are a necessary condition for political freedom and introduced ideas later adopted into policy, including school vouchers and a negative income tax. Written in plain, non-technical prose.
- Field
- Economics
- Form
- Non-fiction
- Published
- 1962
- Themes
- Political EconomyEconomics
