Abstract
Friedman’s Capitalism and Freedom (1962) is considered. It is noted that his account of the philosophy of freedom, its historical development in nineteenth-century Britain, and the theoretical relationship between it and capitalism, is facile. On the other hand, his imaginative treatment of the ways in which the market system and the price mechanism can promote desirable outcomes is innovative, clever, and invites profound reflection.
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Notes
- 1.
In a 1951 letter to G. L. Bach in the Friedman Collection at the Hoover Institution, Box 21, file 1.
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Forder, J. (2019). Capitalism and Freedom . In: Milton Friedman. Great Thinkers in Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-38784-4_20
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DOI: https://doi.org/10.1057/978-1-137-38784-4_20
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Publisher Name: Palgrave Macmillan, London
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