Liberal Read No 8: Friedman’s Vision of a Modern State
BOOK REVIEW – Milton Friedman “Capitalism and Freedom”
The University of Chicago Press, 2020.
By Adam Mazik
BOOK REVIEW – Milton Friedman “Capitalism and Freedom”
The University of Chicago Press, 2020.
By Adam Mazik
The book is an overview of Milton Friedman’s economic and philosophical beliefs packed into a short book of 243 pages. He offers a solid and constructive critique of the flaws of the modern democratic welfare state and demonstrates concrete solutions to the problems of the system. Friedman is a firm believer in individual liberty and responsibility, as well as the powers of the market and its invisible hand. He sketches the importance of voluntary exchange and a competitive economic system that allows individuals to trade and cooperate with each other in pursuit of their individual goals.