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Milton Friedman's "Capitalism And Freedom"
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6 pages in length. In his book entitled "Capitalism and Freedom," Milton Friedman describes competitive capitalism as a system based on the elementary - yet frequently denied - proposition that both parties to an economic transaction benefit from it, provided the transaction is bi-laterally voluntary and informed. Employing a combination of theoretical or empirical arguments, Friedman asserts the need for a guaranteed income, to supersede centralized
bureaucratized social welfare services, which he states are counterproductive to the priorities of individualism, human incentive and productivity. No additional sources cited.
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Pages:
6
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Filename:LM1_TLCfried.doc |
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Paper Title:
Milton Friedman's "Capitalism And Freedom"
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