![]() ![]() ![]() This new edition includes prefaces written by Friedman for both the 19 reissues of the book, as well as a new foreword by Binyamin Appelbaum, lead economics writer for the New York Times editorial board. Enduring in its eminence and esteem, it has sold nearly a million copies in English, has been translated into eighteen languages, and continues to inform economic thinking and policymaking around the world. '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 nations central bank (the Federal Reserve for the U.S. 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 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.įirst published in 1962, Friedman's Capitalism and Freedom is one of the most significant works of economic theory ever written. ![]() One of Intercollegiate Studies Institute's 50 Best Books of the 20th Century One of TIME magazine's All-TIME 100 Best Nonfiction Books One of Times Literary Supplement's 100 Most Influential Books Since the War One of National Review's 100 Best Nonfiction Books of the Century ![]()
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