A review by crestonmd
Capitalism and Freedom: Fortieth Anniversary Edition, by Milton Friedman
challenging
informative
reflective
medium-paced
3.5
The title says it all. The value system Milton Friedman espouses in this book can be summed up as freedom at all costs as a justification for unfettered capitalism. In the process, he strawmans a few opposing arguments (although not every time) and seems extremely naive about asymmetric information and market imperfections.
One one hand, he ignores several of the flaws with his conclusions and recommendations, but on the other hand, this book has been HIGHLY influential in public policy since its writing and was very much an interesting read in that regard (especially the chapters on monetary policy).
One one hand, he ignores several of the flaws with his conclusions and recommendations, but on the other hand, this book has been HIGHLY influential in public policy since its writing and was very much an interesting read in that regard (especially the chapters on monetary policy).