We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Capitalism and Freedom - review - Book Report/Review Example

Comments (0) Cite this document
Date Book Review on, “Capitalism and Freedom” by Milton Friedman This discussion will focus on the book ‘Capitalism and Freedom’ by Milton Friedman, the book discusses the role that economic capitalism plays in a liberal society…
Download full paper
Capitalism and Freedom - book review
Read TextPreview

Extract of sample
Capitalism and Freedom - review

Download file to see previous pages... The concepts of capitalism and freedom have been dominating societies across the world for centuries now. This discussion will provide a summary of the content of the book and the issues that the book is addressing. In order to do this effectively, the discussion will address the issues as they are addressed in each chapter. The introduction part of the book is focused on the role of citizens in economic, political, and social development of the United States. The author quotes from the Kennedy’s famous say on citizens asking themselves what they can do for their country rather than asking what the country can do to them. In the introduction, he shows that both the individuals and the state have a role to play in the economic development and improvement of the country’s general wellbeing (Friedman 4). Friedman has laid out his liberalism principles where it is evident that he supports limited governmental power, which is also dispersed. He defines capitalism as the organization of main economic activities of a society through private enterprises, which are operating in a free market. He views capitalism as a system that is not only essential for economic freedom, but also as a crucial condition for political freedom (Friedman 4-5). ...
Secondly, economic freedom acts a means through which political freedom can be attained (Friedman 7-8). This argument is because economic system is viewed as a way of achieving political freedom because of the importance that economic system puts on the dispersion or concentration of power. Competitive capitalism is therefore critical in bringing about and enhancing political freedom because it emphasizes on separation of political power from economic power. The author observes that history has evidence that free market is a good precondition of political freedom. However, the book cautions that this is not often so because history has evidence that economic freedom may not be adequate condition for political freedom. The author gives example of Japan prior to World Wars I and II, Germany around 1970s, Fascist Italy, and Fascist Spain are societies that could not be considered politically free at some point in their history, despite the fact that their economic system was dominated by free enterprises during those times (Friedman 10- 12). He therefore points out that even though the two concepts are related, their relationship can sometimes prove to be complex and difficult to establish some issues related them. This complexity is mostly because of intervening factors, which may be external to the concepts themselves. The second chapter in the book discusses the role of government in a free society. Friedman argues that both citizens and the government have a role to play in a country. Specifically, the government in a free society such as America has the responsibility of maintaining law and order and ensuring that private property is protected ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Capitalism and Freedom - book review Report/ Example | Topics and Well Written Essays - 1250 words”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1393522-microeconomics
(Capitalism and Freedom - Book Review Report/ Example | Topics and Well Written Essays - 1250 Words)
“Capitalism and Freedom - Book Review Report/ Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.org/macro-microeconomics/1393522-microeconomics.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Book Report About Capitalism/Entrepreneurship
Atlas, “the giant who holds the world on his shoulders” has been equated with the citizens of a society, who are holding up the society as a functional entity. One character of the novel saying that he would advice Atlas to shrug so that the world does not continue to crush him under his weight, is the catch line of this novel.
4 Pages(1000 words)Book Report/Review
Book review
The book The Making of the Slavs: History and Archaeology of the Lower Danube Region is a well-drafted detail of the origins of Slavs; written by a prolific writer Florin Curta. Curta is an American historian and an archaeologist born in Romania. He is a specialist in the field of Balkan history and is considered an authority in the field.
4 Pages(1000 words)Book Report/Review
Book review of red capitalism
During this period, there were no banks in China only the people banks of China and a department in the ministry of finance. Currently China has a foreign exchange whose reserves are approximately three trillion dollars and their banks are among the most valuable companies in the world.
5 Pages(1250 words)Book Report/Review
Critical Reading and Book Review: Planet of Slums by Mike Davis
Critical Reading and Book Review: Planet of Slums by Mike Davis (Name of the Student) Critical Reading and Book Review: Planet of Slums by Mike Davis Urban and rural population is like the scale of justice in a country. To strike the correct balance, both arms of the scale are important.
4 Pages(1000 words)Book Report/Review
Book review
After reading the entire book, one can conclude her advice in the following statements. First of all, women will not be able to reach anywhere if they continue giving excuses based on the age-old gender bias they face everywhere in the society. Instead, the scholar points out that a woman should “lean in”.
6 Pages(1500 words)Book Report/Review
Managerial Capitalism Book Report/Review
market, integrated by the railroad and the telegraph, a story told in more detail in the Visible Hand (1977), and partly due to its competitive characteristics. The railroads pioneered modern management in the 1850s and later, through bills f lading, intercompany billing, equipment identification and management, cost accounting, pricing, and so forth.
8 Pages(2000 words)Book Report/Review
Public Administration Book Report/Review
From political science to practitioner, Fry & Jos have highlighted every aspect of their involvement in public administration but the best approaches they have identified through history of public administration is the classical and behavioral approach. The advent of the classical approach rests on the shoulder of Max Weber whose work conforms to the classical approach in many ways, of which the foremost refers to the position he enjoys while seeking appropriate relationship between the politician and the administrator.
12 Pages(3000 words)Book Report/Review
- (Quote Act II, Scene V) Donald Davidson belongs to the second category. This writer attempted something which a normal writer
5 Pages(1250 words)Book Report/Review
Book Review
Furthermore, the key problems discussed, varied theoretical issues and arguments against the viewpoints made by the author will also be presented in this book review assignment. The book “Post-Racial Mystique: Media and Race in the
5 Pages(1250 words)Book Report/Review
Critical Review on Ralph Naders Book Unstoppable
Nader rightly argues that ideologies take the back seat when privileged interests play their cards and put pressure on the government to make the funds available, supposedly in the interest of the national economy. Ideological belief systems most often prevail over nationalist thought systems. Political and social movements attest to this point.
5 Pages(1250 words)Book Report/Review
Let us find you another Book Report/Review on topic Capitalism and Freedom - book review for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us