What Milton Friedman thinks about capitalism
American economist (1912 to 2006) and 1976 Nobel laureate in economics who argued that competitive markets are a precondition of political freedom and that government power should be limited and dispersed.
Everything they publish, on ppll ↗
Milton Friedman did not write this page.
We collected these quotes from things they published elsewhere, and every quote links to where it was said. They have no account here and have not endorsed this site. Quotes are word for word; the short line under each one is our own restatement, not their wording. Their own site. Is this you? Claim it or ask us to remove it. Or tell us what is wrong here.
3 dated positions, c. 1962, in their own words. Our reading of what Milton Friedman has said — not written or endorsed by them.
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Their wordsEconomic arrangements play a dual role in the promotion of a free society.
↗Capitalism and Freedom (University of Chicago Press, 2002 edition)books.google.com All 20 from this book
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Our readingHistory suggests capitalism is a necessary but not a sufficient condition for political freedom
Their wordsHistory suggests only that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.
↗Capitalism and Freedom (University of Chicago Press, 2002 edition)books.google.com All 20 from this book
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Their wordsThere is no personal rivalry in the competitive market place. There is no personal higgling.
↗Capitalism and Freedom (University of Chicago Press, 2002 edition)books.google.com All 20 from this book