

If you have more values, you find yourself not supporting most of his conclusions after you give some thought to how the other values play into the conclusions. His policy recommendations thus by definition only work if freedom is the only value one subscribes to. There are three primary problems: (1) he fails to consider any other values (such as equity, meritocracy, environmental sustainability, human rights or dignity, world hunger and starvation, concern for the wellbeing of others, etc.) that are also important to Americans. This is a good example of taking one value, freedom, and arguing policy from its implications on this value alone. 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.Only if Freedom Means Absolutely Everything to You 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. 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 National Review’s 100 Best Nonfiction Books of the Century One of Times Literary Supplement’s 100 Most Influential Books Since the War One of TIME magazine’s All-TIME 100 Best Nonfiction Books
