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In this audiobook, Milton Friedman presents the definitive compendium of his influential economic philosophy, exploring the role of competitive capitalism in promoting individual freedom. The main question posed is: how can we benefit from government promises while also avoiding the threat it poses to individual liberty? Friedman argues that competitive capitalism is a necessary condition for political freedom, raising important questions about the role of government in a society that relies primarily on the market to organize economic activity.
First published in 1962, "Capitalism and Freedom" is one of the most important works of economic theory ever written, with a lasting impact that has made it a reference point in the field. The book has sold nearly a million copies in its original edition, been translated into nineteen languages, and continues to influence economic thought and the work of political and economic authorities worldwide. Its insights on the market, freedom, and government remain a fundamental model for liberalism, emphasizing the importance of economic freedom as a prerequisite for political liberty.
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