Freedom and the Market

Professor Milton Friedman, an economic theorist of first rank who is a central figure in the so-called Chicago School of economists, has written, with the assistance of his wife, an eloquent, spirited, and provocative book to show how the ideal of personal freedom may be realized in—and only in—a system of competitive capitalism. No doubt the book will be laughed at or ignored by those who have given both capitalism and freedom up as lost causes (it has not, at this writing, been reviewed by the New York Times and apparently it is not going to be). Among those who have given up neither capitalism nor freedom, it should have great influence.

Capitalism and Freedom, by Milton Friedman with the assistance of Rose D. Friedman. Chicago, $3.95

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About the Author

Edward C. Banfield

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Professor Milton Friedman, an economic theorist of first rank who is a central figure in the so-called Chicago School of economists, has written, with the assistance of his wife, an eloquent, spirited, and provocative book to show how the ideal of personal freedom may be realized in—and only in—a system of competitive capitalism. No doubt the book will be laughed at or ignored by those who have given both capitalism and freedom up as lost causes (it has not, at this writing, been reviewed by the New York Times and apparently it is not going to be). Among those who have given up neither capitalism nor freedom, it should have great influence.

Capitalism and Freedom, by Milton Friedman with the assistance of Rose D. Friedman. Chicago, $3.95