Capitalism and Freedom
James Forder ()
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James Forder: University of Oxford
Chapter Chapter 20 in Milton Friedman, 2019, pp 323-360 from Palgrave Macmillan
Abstract:
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.
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:pal:gtechp:978-1-137-38784-4_20
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DOI: 10.1057/978-1-137-38784-4_20
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