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In Capitalism And Freedom, Equality And Efficiency And Everything For Sale
In Capitalism and Freedom, Equality and Efficiency and Everything for Sale the three authors Friedman, Okun and Kuttner each explained their opinion on the role of the market and government in generating an efficient, equal and free society.
Friedman¡¯s View
Milton Friedman the author of Capitalism and Freedom is an advocate of the free market. In a free market capitalism and freedom can be achieved. Friedman is against government intervention, he believes most of the time government intervention exacerbates problems rather than resolving them. Throughout his book, Friedman uses many examples in different areas of economics to show us the failure of government intervention.
Milton Friedman introduces the idea that there is no fundamental difference between economic freedom and political freedom. Taking away one¡¯s political freedom would be also taking away the economic freedom of that person. Without economic freedom there can be no political freedom. History has showed that capitalism is a necessary condition for political freedom and that economic freedom and political freedom can only coexist in capitalism.
Friedman points out that only a free market economy can coordinate economic activities of millions of p
Approximate Word count = 3859
Approximate Pages = 15 (250 words per page double spaced)
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