A Classic by Milton Friedman

Capitalism and Freedom: Fortieth Anniversary Edition by Milton Friedman is truly a must read for anyone who takes an interest in how market economies work. Very few people today have the ability to explain how markets work as well as Friedman is able. While some of the material may be a bit dated due to it being almost 50 years old, most of the logic holds up to this day. The main idea of this work is that Capitalism is a necessary condition to have Freedom, and while Capitalism is not the only requirement for Freedom, it is impossible to attain it without capitalism.  I would recommended this to someone who already has a basic understanding in some of the common terminology of business and economic study as a few topics can be quite dense and take a couple of re-reads to fully understand. This was one of the first books I read after taking an introductory Macro and micro courses. I would not recommended this as an introduction to how market economies work but rather as a supplement to an already basic understanding.  Friedman expertly explains many topics, including the role of government, social welfare, and poverty.

Overall, this book is a great addition to the library of any aspiring economist, or anyone who wants to expand their knowledge on the subject. Get your own copy of Capitalism and freedom here:

 

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