Milton Friedman’s magnum opus

FIRST EDITION. A defining work of free market capitalism and individual liberty, Capitalism and Freedom has played a profound role in shaping libertarian and conservative philosophy in America. In the book Friedman rejected Keynesian fiscal policy and big government in favor of laissez-faire economics. One of the bestselling works in the history of economics, Capitalism and Freedom presents Milton’s philosophy of economic and individual freedom. He writes, “On the one hand, freedom in economic arrangements is itself a component of freedom broadly understood, so economic freedom is an end in itself. In the second place, economic freedom is also an indispensable means toward the achievement of political freedom.”

“Friedman, a laissez-faire economist and professor at the University of Chicago, is considered one of the leading modern exponents of liberalism in the 19th-century European sense. In Capitalism and Freedom he argued for [among many other things] a negative income tax, or guaranteed income, to supersede centralized, bureaucratized social welfare services, which in his view are inimical to the traditional values of individualism and useful work” (Britannica).

Capitalism and Freedom has appeared on many lists of the most influential books of the 20^th century including those published by the Times Literary Supplement, the National Review, and Time.

$8,500