Capitalism and Freedom

by Milton Friedman

Published 1 January 1982
In the classic bestseller, Capitalism and Freedom, Milton Friedman presents his view of the proper role of competitive capitalism--the organization of economic activity through private enterprise operating in a free market--as both a device for achieving economic freedom and a necessary condition for political freedom. Beginning with a discussion of principles of a liberal society, Friedman applies them to such constantly pressing problems as monetary policy, discrimination, education, income distribution, welfare, and poverty. "Milton Friedman is one of the nation's outstanding economists, distinguished for remarkable analytical powers and technical virtuosity. He is unfailingly enlightening, independent, courageous, penetrating, and above all, stimulating."-Henry Hazlitt, Newsweek "It is a rare professor who greatly alters the thinking of his professional colleagues. It's an even rarer one who helps transform the world. Friedman has done both."-Stephen Chapman, Chicago Tribune

Essays in Positive Economics

by Milton Friedman

Published 1 December 1953
Stimulating, provocative, often infuriating, but well worth reading.--Peter Newman, Economica

His critical blast blows like a north wind against the more pretentious erections of modern economics. It is however a healthy and invigorating blast, without malice and with a sincere regard for scientific objectivity.--K.E. Boulding, Political Science Quarterly

Certainly one of the most engrossing volumes that has appeared recently in economic theory.--William J. Baumol, Review of Economics and Statistics