Description: "First published in 1962 and based on a series of lectures from 1956, Milton Friedman's Capitalism and Freedom provides the definitive statement of an immensely influential economic philosophy-one in which competitive capitalism serves as both a device for achieving economic freedom and a necessary condition for political freedom. In short, the book asks: how can we benefit from the promise of government while avoiding the threat it poses to individual freedom? The result is an accessible text that was selected by the Times Literary Supplement as one of the "hundred most influential books since the war." Enduring in its impact and esteem, the book has sold well over half a million copies in English, has been translated into eighteen languages, and continues to profoundly inform economic thinking and policymaking. This edition includes prefaces written by Friedman for both the 1982 and 2002 reissues of the book, as well as a new foreword by Binyamin Appelbaum, economics editor for the New York Times and author of The Economists' Hour: False Prophets, Free Markets, and the Fracture of Society (Little, Brown, 2019)"--
Brief description: Milton Friedman (1912-2006) was the Paul Snowden Distinguished Service Professor Emeritus of Economics at the University of Chicago and the recipient of the 1976 Nobel Prize in economics. He coauthored Free to Choose and Two Lucky People alongside his wife, Rose D. Friedman.
Review Quotes: "In Capitalism and Freedom, published in 1962, Friedman makes his most important contribution to his profession: the argument that the best medicine for curing a recession and stabilizing economies is for a nation's central bank (the Federal Reserve for the U.S.) to be slowly but constantly increasing the amount banks are allowed to lend and therefore increasing the supply of money--but only in brief."-- "TIME Magazine, All-TIME 100 Best Nonfiction Books"