By Milton Friedman and Rose Friedman
Milton and Rose Friedman show us how the organizations, regulations and laws instituted by the government actually stifle our personal prosperity. The more control the government gains over economics, the less freedom we have. Along with this eye-opening discussion, the Friedmans show us how to expand our economic freedom and to maintain control of our prosperity.
ÌÎÌ_ÌÎ_ÌÎÌ_Ì´å«Free to ChooseÌÎÌ_ÌÎ_ÌÎÌ_ÌÎå´ starts off with a well-written and easy-to-understand explanation of the power of the market. The Friedmans show us how much influence it has on our daily lives and explain the methods and elements of the market.
The book goes on to give an economic case for free trade: the Friedmans discuss the negative implications that occur when someone else controls what we buy and sell, and to whom we buy and sell. There are government restrictions on foreign and domestic trade, and the Friedmans advocate for free, unrestricted trade at home and abroad. They even explain how restrictions on trade negatively affect our freedom of speech, press and religion.
In a section called the Anatomy of Crisis, the book dissects the cause of and the change produced by economic depression. It explores the origin and inner workings of the Federal Reserve System in response to the Depression in the 1930s, and how it has changed since then. This is a detailed yet understandable explanation of the financial world in response to crisis or depression such as that of the 1930s.
At the time of the Depression, many viewed the crisis as a failure of capitalism. In a chapter called Cradle to Grave, the book explains how the New Deal reformed the basic structure of the economy, wooing the public with the promise of help from ÌÎÌ_ÌÎ_ÌÎÌ_Ì´å«cradle to grave.ÌÎÌ_ÌÎ_ÌÎÌ_ÌÎå´ Also, World War II convinced people that a ÌÎÌ_ÌÎ_ÌÎÌ_Ì´å«centralized government,ÌÎÌ_ÌÎ_ÌÎÌ_ÌÎå´ or a government that had control over the economy, was effective. The Friedmans dispel these myths as they discuss the alarming implications of social security and public assistance.
These are just a few of the many informative sections of this dialogue. In the last chapters of the book, titled Created Equal, WhatÌÎÌ_ÌÎ_ÌÎå«Ì´åÇs Wrong with Our Schools?, Who protects the Consumer?, Who Protects the Worker?, The Cure for Inflation, and The Tide is Turning, the Friedmans continue to make a persuasive and well-defended argument for the free market as opposed to government control. This engaging exchange of ideas provides advice on achieving real equality and security, protecting consumers and workers, providing education and avoiding inflation and unemployment.
This book is a vivacious appeal to the individual to take charge ÌÎÌ_ÌÎ_ÌÎå«Ì´å to realize what has gone wrong in America in the past and to remedy it with the advice provided.
About the Author
Milton Friedman was a senior research fellow at the Hoover Institution, Stanford University, and the Paul Snowden Distinguished Service professor emeritus of economics at the University of Chicago. In 1976 he was awarded the Nobel Prize in economics. He has written a number of books, including two with his wife, Rose D. Friedman ÌÎÌ_ÌÎ_ÌÎå«Ì´å the bestselling "Free to Choose" and "Two Lucky People: Memoirs," the latter published by the University of Chicago Press.
Rose D. Friedman has written two books with her husband Milton Friedman, the bestselling "Free to Choose" and "Two Lucky People: Memoirs," the latter published by the University of Chicago Press.
ÌÎÌ_Ì´åÇÌÎå«Ì´ÌàPaperback: 360 pages
ÌÎÌ_Ì´åÇÌÎå«Ì´ÌàPublisher: Harvest Books (November 26, 1990)
ÌÎÌ_Ì´åÇÌÎå«Ì´ÌàProduct Dimensions: 7.9 x 5.3 x 1 inches
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