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Capitalism and Freedom
Page count: 272
Language: English
Votes levels
C2 (Proficiency)
1
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Beginner (A1)
Can understand and use familiar everyday expressions and very basic phrases aimed at the satisfaction of needs of a concrete type. Can introduce him/herself and others and can ask and answer questions about personal details such as where he/she lives, people he/she knows and things he/she has. Can interact in a simple way provided the other person talks slowly and clearly and is prepared to help.
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Words used in the book
Capitalism
Freedom
Market
Competition
Government
Intervention
Property
Monopoly
Exchange
Efficiency
Incentive
Regulation
Entrepreneur
Consumption
Liberty
Investment
Prosperity
Innovation
Voluntary
Exchange Rate
Privatization
Risk
Profit
Wage
Employment
Security
Taxation
Inflation
Trade
Productivity
Description
One of TIME magazine’s All-TIME 100 Best Nonfiction BooksOne of Times Literary Supplement’s 100 Most Influential Books Since the War
One of National Review’s 100 Best Nonfiction Books of the Century
One of Intercollegiate Studies Institute’s 50 Best Books of the 20th Century
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.
First published in 1962, Friedman’s Capitalism and Freedom is one of the most significant works of economic theory ever written. 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. This new edition includes prefaces written by Friedman for both the 1982 and 2002 reissues of the book, as well as a new foreword by Binyamin Appelbaum, lead economics writer for the New York Times editorial board.
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