Capitalism and Freedom: Fortieth Anniversary Edition [SPECIAL EDITION] (Paperback)

by Milton Friedman (Author)
Key Phrases: occupational licensure, technical monopoly, licensure provisions, United States, World War, The Role of Government (more...)

Editorial Reviews

Review
"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

Product Description

Selected by the Times Literary Supplement as one of the "hundred most influential books since the war"

How can we benefit from the promise of government while avoiding the threat it poses to individual freedom? In this classic book, Milton Friedman provides the definitive statement of his 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. The result is an accessible text that has sold well over half a million copies in English, has been translated into eighteen languages, and shows every sign of becoming more and more influential as time goes on.

See all Editorial Reviews

---

Product Details Paperback: 230 pages Publisher: University Of Chicago Press; 1 edition (November 15, 2002) Language: English ISBN-10: 0226264211 ISBN-13: 978-0226264219 Product Dimensions: 8 x 5.1 x 0.6 inches Shipping Weight: 8.5 ounces (View shipping rates and policies) Average Customer Review: 4.2 out of 5 stars See all reviews (131 customer reviews) Amazon.com Sales Rank: #1,320 in Books (See Bestsellers in Books) Popular in these categories: (What's this?) #1 in  Books > Science > Earth Sciences > Geography > Regional #5 in  Books > Nonfiction > Government > Democracy #6 in  Books > Business & Investing > Economics > Free Enterprise

Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!

Search Inside This Book:

---

Inside This Book (learn more)

Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
occupational licensure, technical monopoly, licensure provisions, monetary commodity, enterprise monopoly, neighborhood effects

Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, World War, The Role of Government, Reserve System, The Control of Money, International Trade Arrangements, The Distribution of Income, New York, Social Welfare Measures, Federal Reserve Act, Great Depression, Civil War, Robert Rich, Alleviation of Poverty

Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!

Search Inside This Book:

---

Citations (learn more)

100 books cite this book:

• Ideology and Utopia in the Social Philosophy of the Libertarian Economists (Contributions in Economics and Economic History) by Rick Tilman on 24 pages
• Not So Free to Choose: The Political Economy of Milton Friedman and Ronald Reagan by Elton Rayack on 17 pages
• Just Watch Me- Trudeau\'s Tragic Legacy by Ronald Coleman on 7 pages
• A Corporate Solution to Global Poverty: How Multinationals Can Help the Poor and Invigorate Their Own Legitimacy by George Lodge on 4 pages
• on 4 pages

See all 100 books citing this book

---

What Do Customers Ultimately Buy After Viewing This Item?

	81% buy the item featured on this page: Capitalism and Freedom: Fortieth Anniversary Edition 4.2 out of 5 stars (131) $12.38
	6% buy Free to Choose: A Personal Statement 4.4 out of 5 stars (87) $9.75
	5% buy The Wealth of Nations (Bantam Classics) 4.5 out of 5 stars (31) $7.99
	5% buy The Road to Serfdom: Text and Documents--The Definitive Edition (The Collected Works of F. A. Hayek) 4.5 out of 5 stars (34) $11.56

Explore similar items

---

Tags Customers Associate with This Product  (What's this?) Click on a tag to find related items, discussions, and people. Check the boxes next to the tags you consider relevant or enter your own tags in the field below. economics(41) capitalism(29) freedom(17) free markets(14) libertarianism(13) free market(12) milton friedman(11) conservatism(8) government(7) libertarian(4) liberalism(3) See all 42 tags... Your tags: Add your first tag

Search Products Tagged with   See most popular tags

Help others find this product — tag it for Amazon search

No one has tagged this product for Amazon search yet. Why not be the first to suggest a search for which it should appear?

---

Sell a Digital Version of This Book in the Kindle Store

If you are a publisher or author and hold the digital rights to a book, you can sell a digital version of it in our Kindle Store. Learn more

---

 

Customer Reviews

131 Reviews 5 star:  (79) 4 star:  (22) 3 star:  (13) 2 star:  (6) 1 star:  (11)           Average Customer Review 4.2 out of 5 stars (131 customer reviews)		Share your thoughts with other customers:
Most Helpful Customer Reviews 176 of 205 people found the following review helpful: 5.0 out of 5 stars Compelling and informative, November 18, 2000 By  "ebreit42" (New Port Richey, Florida United States) - See all my reviews This review is from: Capitalism and Freedom (Phoenix Books) (Paperback) Milton Friedman, far from just paraphrasing Keynes, has given a grand refutation of Keynesian economics as well as argued persuasively for the free-market. "Capitalism and Freedom" dispels the myths about capitalism that have become so prevalent in our society: that the free-market caused the depression (it was actually a tyrannical Federal Reserve), that socialism can be democratic, and others. Milton's prose is clear and the book is good for those who haven't majored in economics. He gives an unwavering defense of personal freedom and individual autonomy from a minimalist government perspective. This book is an important contribution to public discourse and although written about 40 years ago, still has relevance today. Friedman discusses public education, roads, minimum wage laws (which he calls, "the most anti-black law on the statute books," and rightfully so as you'll see if you read this book), as well as the how so-called "progressive" tax system and welfare actually hurt the poor. Friedman's other great contribution is "Free to Choose," which was written about 20 years ago and expounds on the ideas in "Capitalism and Freedom" in a bit more depth. But this is a good, short, concise book to start with that'll get you asking questions. 43 of 48 people found the following review helpful: 5.0 out of 5 stars Best Single Book on Economics available, March 20, 2000 By A Customer This review is from: Capitalism and Freedom (Phoenix Books) (Paperback) No other book anywhere is more important for the student of economics. Compared to other books on economics, it is very concise and well written. You will gain more insight per minute of time expended than from almost any other text. The book is timeless because the principles Professor Friedman explains are bedrock foundations of the Capitalist economic system. In almost all universities you are taught a system of thought that inevitably leads to an emphasis and reliance upon Government and the State, basically, socialism as a solution to our economic problems. Professor Friedman clearly spells out better solutions in which markets can solve our problems more efficiently than Government and Socialism. More important, Friedman shows that only Capitalism is consistent with the concepts of Liberty that motivated the Founding Fathers of the United States, principles that led to the drafting of the Constitution. The book Captialism and Freedom has stood the test of time, and still represents the single best source to obtain an understanding of economic markets and how they work, without jargon or mathematics. Instead, Friedman goes directly to the essence of market economics, and liberty, in a simple and straightforward manner. This book will show you how you can use the economic system to make yourself an independent person, capable of taking advantage of the liberty that free markets promote. This book will help you understand why the institutions of Government, such as the public schools, the Post Office, and the Federal Reserve Board, inevitably become inefficient and problematic compared to private enterprise solutions. At present, Professor Friedman heads up a foundation which promotes free enterprise within the public school system, referred to as School Choice and Vouchers. The intellectual foundations for this suggested improvement in our public schools were laid in Captialism and Freedom. Finally, Professor Friedman spells out the intellectual foundation for the results of his study of the history of monetary policy and the inevitable problems of the Federal Reserve Board. The problems of the Federal Reserve that were discussed in Professor Friedman's Monetary History of the United States are problems that are inherent in government enterprise, issues that are discussed in Capitalism and Freedom. This book is a must read for any serious student of Politics or Economics. Also, because the book is written in a simple and straightforward manner, any lay person without training in economics will gain fundamental insight into the structure of the Capitalist system and the inevitable problems of Socialism. 76 of 89 people found the following review helpful: 5.0 out of 5 stars CLASSIC ECONOMICS, FRIEDMAN'S BEST, August 13, 2004 By  Denis Benchimol Minev "Amazonia" (Manaus, Amazonas, Brazil) - See all my reviews    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.		Ad feedback   Most Recent Customer Reviews 5.0 out of 5 stars Great It's a great book, I was thinking that it's hard to read, but I was wrong. Politics and Economics, interesting. Published 10 days ago by Ramona E. Serban 5.0 out of 5 stars Required Reading for All Voters and Citizens Whether you are a liberal or conservative, Democrat or Republican, this is a fundamental popular "textbook" of required reading, if you care about your family and this (or any)... Read more Published 1 month ago by Iva S 4.0 out of 5 stars Unanimity Without Conformity I received Capitalism and Freedom as a gift from an admissions officer at the University of Chicago. Read more Published 1 month ago by I. Jaime 5.0 out of 5 stars An Important Political Philosophy in Need of Updating Milton Friedman, Capitalism and Freedom (University of Chicago Press, 1962 [2002]). Capitalism and Freedom is the product of a lecture series given by Milton Friedman in... Read more Published 2 months ago by Herbert Gintis 5.0 out of 5 stars Capitalism and Freedom: A Free Market Perspective Milton Friedman, the most influential economist of the 20th century, writing on the economic fundamentals of a free market economy in his book, "Capitalism and Freedom",... Read more Published 3 months ago by Tom J. Salamone 5.0 out of 5 stars Friedman at His Best I read "Free to Choose" many years ago and loved it. I was unaware of this book until I heard about it on "Free Markets With Dr. Read more Published 5 months ago by Paul Bauer 5.0 out of 5 stars A claasic by Milton Friedman This book expouses the classic liberalist economic policy that modern government could well take note of, even though this book was written some 40 years ago. Read more Published 5 months ago by Dr. Brian J. Fergus 5.0 out of 5 stars M.F. is brilliant to a fault. This is a wonderful and timeless book that I recommend to any person interested in politics, economics, finance, ethics or current events. Read more Published 7 months ago by Jason P. Denny 5.0 out of 5 stars Read it twice A fantastic piece of literature. The concise nature of the book belies the depth of knowledge and purpose of Friedman's writings, but then that is what he intended. Read more Published 9 months ago by C. Anderson 5.0 out of 5 stars Friedman is best on Economics this is a must read excellent read and should be a must for all college freshmen also should read "free to choose" by milton and rose friedman Published 9 months ago by R. Booth Search Customer Reviews Only search this product's reviews

---

Customer Discussions

 Beta (What's this?)

New! See all customer communities, and bookmark your communities to keep track of them.

This product's forum (1 discussion)   Discussion Replies Latest Post How would readers compare this book to "Free to Choose"? 1 March 2009 › See all discussions...   [Start the discussion] Start a new discussion Topic: First post: Receive e-mail when new posts are made Prompts for sign-in   [Cancel] Guidelines Active discussions in related forums   Discussion Replies Latest Post history An Islamic Reformation? 20 31 minutes ago politics The first 100 days of your Clown. 1231 35 minutes ago politics "take it back," china says 7 53 minutes ago history Why does Holocaust Denial Exist? 5402 1 hour ago science The emperor of evolution has no clothes. Who is the Emperor? 2030 1 hour ago science Step up and point out the flaws of evolution/science 2793 2 hours ago capitalism New Libertarian Video Game Patent: Quote Hayek/Mises/Rand: Shoot Communist Vampires/Zombies 1 9 hours ago economics A national dividend can fix it overnight 0 16 hours ago

The Economics community Latest activity 2 hours ago 5,755 customers have contributed 3,992 products, 153 discussions and more... › Explore the community The Capitalism community Latest activity 12 hours ago 1,470 customers have contributed 896 products, 136 lists & guides and more... › Explore the community The Freedom community Latest activity 1 hour ago 2,614 customers have contributed 1,383 products, 172 lists & guides and more... › Explore the community Related forums bargain books capitalism (8 discussions) economics (153 discussions) freedom (2 discussions) history (667 discussions) politics (1023 discussions) science (1023 discussions) textbook (16 discussions) Explore more › See all Customer Communities › Your communities

---

Product Information from the Amapedia Community

Beta (What's this?)

Be the first person to add an article about this item at Amapedia.com.

› See featured Amapedia.com articles

---

Listmania!

Liberty Classics (from the 20th Century): A list by Francis D "franz1984"   To Be an Enlightened Conservative...: A list by William Rhea   Books About Economics: A list by J. Williams Create a Listmania! list

Search Listmania!

---

So You'd Like to...

Talk with INTELLIGENT Libertarians: A guide by www.1492.ws   Broaden Your Horizons: A guide by Cuddly Maverick   see the books I read in 2007: A guide by Ubaid Dhiyan "...is trying to understand" Create a guide

Search Guides

---

Look for Similar Items by Category

• Books > Bargain Books
• Books > Business & Investing > Economics > Free Enterprise
• Books > Business & Investing > Economics > Theory
• Books > Business & Investing > Popular Economics > Policy & Current Events
• Books > History
• Books > New & Used Textbooks > Business & Finance > Economics > Economic Theory
• Books > New & Used Textbooks > Social Sciences > Political Science > Political Ideologies
• Books > Nonfiction > Government > Democracy
• Books > Nonfiction > Politics
• Books > Political Parties > Red Politics
• Books > Science > Earth Sciences > Geography > Regional

---

Tanaka Landscaping Power Tools Tanaka provides commercial-grade blowers, trimmers, accessories, and other landscaping equipment for the homeowner. ›Shop all Tanaka

Big Savings in Books Find great titles at fantastic prices in our Bargain Books Store.

Buy Three Books, Get a Fourth Free Order any four eligible books under $10 and get the lowest-price book free in our 4-for-3 Books Store. See more details.

Best Books See our editors' picks and more of the best new books on our Best of the Month page.

Ad feedback

 

Feedback If you need help or have a question for Customer Service, contact us.  Would you like to update product info or give feedback on images? Is there any other feedback you would like to provide? Your comments can help make our site better for everyone. Please note that we are unable to respond directly to all feedback submitted via this form, but we'll ask you to sign in so we can contact you if needed.

Where's My Stuff? Track your recent orders. View or change your orders in Your Account. Shipping & Returns See our shipping rates & policies. See FREE shipping information. Return an item (here's our Returns Policy). Need Help? Forgot your password? Buy gift cards. Visit our Help department.

Your Recent History

  (What's this?)

You have no recently viewed items or searches. After viewing product detail pages or search results, look here to find an easy way to navigate back to pages you are interested in. Look to the right column to find helpful suggestions for your shopping session.	Continue shopping: Top Sellers Free by Chris Anderson 3.5 out of 5 stars (15)$0.00 Paranoia by Joseph Finder 4.1 out of 5 stars (203)$0.00 My Soul to Lose by Rachel Vincent 3.2 out of 5 stars (6)$0.00 Darkfever by Karen Marie Moning 3.7 out of 5 stars (224)$0.00

Amazon.com Home  |   Directory of All Stores

International Sites:  Canada  |  United Kingdom  |  Germany  |  Japan  |  France  |  China

Business Programs: Sell on Amazon  |  Build an eCommerce Site  |  Advertise With Us  |  Developer Services  |  Self-Publish with Us

Help  |  View Cart  |  Your Account  |  1-Click Settings  |  Join Associates  |  Join Advantage

Careers at Amazon  |  Investor Relations  |  Press Releases  |  Corporate Responsibility

Conditions of Use | Privacy Notice © 1996-2009, Amazon.com, Inc. or its affiliates

Product Details

• Paperback: 230 pages
• Publisher: University Of Chicago Press; 1 edition (November 15, 2002)
• Language: English
• ISBN-10: 0226264211
• ISBN-13: 978-0226264219
• Product Dimensions: 8 x 5.1 x 0.6 inches
• Shipping Weight: 8.5 ounces (View shipping rates and policies)
• Average Customer Review: 4.2 out of 5 stars See all reviews (131 customer reviews)
• Amazon.com Sales Rank: #1,320 in Books (See Bestsellers in Books)

  Popular in these categories: (What's this?)

  #1 in	Books > Science > Earth Sciences > Geography > Regional
  #5 in	Books > Nonfiction > Government > Democracy
  #6 in	Books > Business & Investing > Economics > Free Enterprise

Customer Reviews

Most Helpful Customer Reviews

176 of 205 people found the following review helpful:

5.0 out of 5 stars Compelling and informative, November 18, 2000

By	"ebreit42" (New Port Richey, Florida United States) - See all my reviews

This review is from: Capitalism and Freedom (Phoenix Books) (Paperback)

Milton Friedman, far from just paraphrasing Keynes, has given a grand refutation of Keynesian economics as well as argued persuasively for the free-market.

"Capitalism and Freedom" dispels the myths about capitalism that have become so prevalent in our society: that the free-market caused the depression (it was actually a tyrannical Federal Reserve), that socialism can be democratic, and others. Milton's prose is clear and the book is good for those who haven't majored in economics. He gives an unwavering defense of personal freedom and individual autonomy from a minimalist government perspective.

This book is an important contribution to public discourse and although written about 40 years ago, still has relevance today.

Friedman discusses public education, roads, minimum wage laws (which he calls, "the most anti-black law on the statute books," and rightfully so as you'll see if you read this book), as well as the how so-called "progressive" tax system and welfare actually hurt the poor.

Friedman's other great contribution is "Free to Choose," which was written about 20 years ago and expounds on the ideas in "Capitalism and Freedom" in a bit more depth. But this is a good, short, concise book to start with that'll get you asking questions.

43 of 48 people found the following review helpful:

5.0 out of 5 stars Best Single Book on Economics available, March 20, 2000

By A Customer

This review is from: Capitalism and Freedom (Phoenix Books) (Paperback)

No other book anywhere is more important for the student of economics. Compared to other books on economics, it is very concise and well written. You will gain more insight per minute of time expended than from almost any other text.

The book is timeless because the principles Professor Friedman explains are bedrock foundations of the Capitalist economic system. In almost all universities you are taught a system of thought that inevitably leads to an emphasis and reliance upon Government and the State, basically, socialism as a solution to our economic problems. Professor Friedman clearly spells out better solutions in which markets can solve our problems more efficiently than Government and Socialism. More important, Friedman shows that only Capitalism is consistent with the concepts of Liberty that motivated the Founding Fathers of the United States, principles that led to the drafting of the Constitution. The book Captialism and Freedom has stood the test of time, and still represents the single best source to obtain an understanding of economic markets and how they work, without jargon or mathematics. Instead, Friedman goes directly to the essence of market economics, and liberty, in a simple and straightforward manner. This book will show you how you can use the economic system to make yourself an independent person, capable of taking advantage of the liberty that free markets promote.

This book will help you understand why the institutions of Government, such as the public schools, the Post Office, and the Federal Reserve Board, inevitably become inefficient and problematic compared to private enterprise solutions. At present, Professor Friedman heads up a foundation which promotes free enterprise within the public school system, referred to as School Choice and Vouchers. The intellectual foundations for this suggested improvement in our public schools were laid in Captialism and Freedom. Finally, Professor Friedman spells out the intellectual foundation for the results of his study of the history of monetary policy and the inevitable problems of the Federal Reserve Board. The problems of the Federal Reserve that were discussed in Professor Friedman's Monetary History of the United States are problems that are inherent in government enterprise, issues that are discussed in Capitalism and Freedom.

This book is a must read for any serious student of Politics or Economics. Also, because the book is written in a simple and straightforward manner, any lay person without training in economics will gain fundamental insight into the structure of the Capitalist system and the inevitable problems of Socialism.

76 of 89 people found the following review helpful:

5.0 out of 5 stars CLASSIC ECONOMICS, FRIEDMAN'S BEST, August 13, 2004

By	Denis Benchimol Minev "Amazonia" (Manaus, Amazonas, Brazil) - See all my reviews

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.