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Analysis of Milton Friedman's Capitalism and Freedom: Capitalism and Freedom

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Autor:	Sulaiman Hakemy
Lehekülgede arv:	96
Ilmumisaasta:	2017
Kauba ID:	15845289

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Toote kirjeldus: Analysis of Milton Friedman's Capitalism and Freedom: Capitalism and Freedom

Its arguments would go on to shape global economics and influence world leaders in the late twentieth century, but Capitalism and Freedom was largely ignored when it was first published in 1962.The first work written for the general public by American economist Milton Friedman, the book argues that a free market with little government interference is the best way to run society. Its ideas were considered to be on the fringes of the economic debate at first, but Capitalism and Freedom introduced a fresh challenge to the dominance of the economic ideas put forward by the Englishman John Maynard Keynes. Its theories spurred Friedman’s rise to fame and paved the way for the influential body of work that followed.Capitalism and Freedom also inspired Friedman’s highly successful book and television series Free to Choose (1980). These both helped to popularize free-market thinking and made Friedman a household name.
Milton Friedman was arguably the single most influential economist of the 20th-century. His influence, particularly on conservative politics in America and Great Britain, substantially helped – as both supporters and critics agree – to shape the global economy as it is today. Capitalism and Freedom (1962) is a passionate but carefully reasoned summary of Friedman’s philosophy of political and economic freedom, and it has become perhaps his most directly influential work. Friedman’s argument focuses on the place of economic liberalism in society: in his view, free markets and personal economic freedom are absolutely necessary for true political freedom to exist.Freedom, for Friedman, is the ultimate good in a society – the marker and aim of true civilisation. And, crucially, he argues, real freedom is rarely aided by government. For Friedman, indeed, “the great advances of civilization, whether in architecture or painting, in science or literature, in industry or agriculture, have never come from centralized government”. Instead, he argues, they have always been produced by “minority views” flourishing in a social climate permitting variety and diversity.” In successive chapters, Friedman develops a well-structured line of reasoning emerging from this stance – leading him to some surprising conclusions that remain persuasive and influential more than 60 years on.

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Kauba ID:	15845289
Kategooria:	Ühiskonnateemalised raamatud
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Tüüp:	Politoloogia
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Autor:	Sulaiman Hakemy
Lehekülgede arv:	96
Ilmumisaasta:	2017

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