Capitalism and Freedom

*Capitalism and Freedom* by Milton Friedman is a seminal work in political economy that argues for the vital link between economic freedom and political liberty. First published in 1962, the book lays out Friedman’s case for a free-market economy as the cornerstone of a democratic society. He contends that government intervention should be limited to preserving law and order, enforcing contracts, and protecting property rights, warning that excessive control over the economy threatens individual freedoms. With clarity and conviction, Friedman critiques policies such as minimum wage laws, social welfare programs, and centralized monetary control, proposing instead a range of reforms including a negative income tax and school vouchers. Widely influential in shaping modern conservative and libertarian thought, *Capitalism and Freedom* remains a powerful defense of classical liberal principles.