Capitalism and Freedom
E74053
Capitalism and Freedom is a landmark 1962 book by economist Milton Friedman that argues for the primacy of free-market capitalism as a foundation for individual liberty and limited government.
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
book
→
economics book → non-fiction book → political philosophy book → |
| advocates |
floating exchange rates
→
minimal government intervention in the economy → negative income tax → school vouchers → voluntary military service → |
| author | Milton Friedman → |
| centralArgument |
economic freedom is a necessary condition for political freedom
→
free-market capitalism is the best foundation for individual liberty → government should be limited to a few core functions → |
| countryOfOrigin |
United States of America
→
surface form:
United States
|
| criticizes |
Keynesian demand management
→
fixed exchange rate systems → government price controls → occupational licensing → progressive income taxation → social welfare programs that distort market incentives → |
| hasPart |
chapter on education
→
chapter on fiscal policy → chapter on international trade and exchange rates → chapter on monetary policy → chapter on occupational licensure → chapter on social welfare measures → chapter on the control of money → chapter on the distribution of income → chapter on the role of government in a free society → |
| influenced |
education voucher movements
→
monetarist policy reforms → neoliberal economic policy debates → |
| influencedBy |
Chicago School economics
→
surface form:
Chicago School of Economics
classical liberal thinkers → |
| language | English → |
| notableFor |
advancing monetarist critiques of Keynesianism
→
influencing late 20th-century economic policy discussions → popularizing the link between economic freedom and political freedom → |
| publicationYear | 1962 → |
| publisher | University of Chicago Press → |
| subject |
capitalism
→
classical liberalism → economic liberalism → free-market economics → monetarism → political philosophy → public policy → role of government → |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.