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Capitalism and Freedom
by Milton Friedman · 1962
★★★★★Editor's Pickintermediate
Friedman's landmark argument for economic freedom as the foundation of political freedom.
★ Why We Recommend It
This is one of the most important works in the liberty tradition — essential for any serious student of free markets and individual rights.
Best For:Intermediate readersBuilding a foundationSecond-year study
★ Key Takeaways
What You'll Learn from Capitalism and Freedom
- 1Economic freedom and political freedom are inseparable.
- 2Most government interventions, however well-intentioned, cause more harm than good.
- 3A negative income tax is preferable to the welfare bureaucracy.
- 4Voluntary exchange is the great engine of human cooperation.
- 5Monopoly power most often arises from government regulation, not free markets.
★ About the Author
Milton Friedman
Milton Friedman is a leading thinker in the tradition of economic and political liberty. This work represents a significant contribution to the literature of freedom and free markets, and has influenced generations of students and scholars.
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