09 October 2008

Capitalism and Freedom review by Denis Minev

Capitalism and Freedom: Fortieth Anniversary Edition
by Milton Friedman
Edition: Paperback
Availability: In Stock

70 of 81 people found the following review helpful:
5.0 out of 5 stars CLASSIC ECONOMICS, FRIEDMAN'S BESTAugust 13, 2004
Milton Friedman is one fo the strongest proponents of freedom in society as the only way towards development (a concept later expanded by Amartya Sen). This book is not an economics textbook, since he does not spend much time on the basic concepts of economics such as price theory. He assumes a bit of knowledge and uses it to make the case for many different economic ideas ranging from macroeconomics (monetarism) to microeconomics (school vouchers). 

For a book that was written in the 60s, it is amazing how current his ideas remain. It is perhaps the most important book on the libertarian philosophy, focusing on preventing the accumulation of power by any individual or group of individuals in society. 

Overall, it is a great read for someone familiar with economics and social sciences, it will definitely expand your horizons of thought. However, if you are looking for an introduction to interesting eocnomic ideas, I would suggest you read Free to Choose, which Friedman wrote a dozen years later to reach a more general audience.

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