FREE TO CHOOSE: A Personal Statement

It's for you.

An excellent book. Which make it abundantly clear that the government is the problem not solutions in respect of majority of matters. Cutting the size of government is the most important thing. Capitalist system works great, it is abundantly clear from working of system in the countries. Economic freedom let the productive power of people to blossom. It is one of my favourite book.

The famous Nobel Prize winning economist Milton Friedman has championed the cause of free market economics. At a time when a greater part of the world lived in socialist societies, he showed the world the true benefits of economics based on the concept of freedom. He argues and clarifies many misconstrued ideas on regulation and government intervention. His penetrating analysis on various subjects is a very educational read. Amazingly, he addressed the problems and also provided solutions to them. His logic, communication style and ability to convince the reader are spectacular. If you are an economics student, it will be one of the most important books you will ever read. I don’t agree with his philosophy entirely especially about monetary policy, environment and education. However, I give it up to his brilliant mind. It takes courage to be as imaginative open minded as him, to so aggressively push his ideas into governmental change in the United States and Latin American countries such as Chile, Argentina, Uruguay and many others which have been directly or indirectly influenced by his ideas through his students, who are more popularly known as the “Chicago Boys.” It remains a subject of popular debate as to whether such influence has resulted in good or bad of these nations. If one has to compare the two extreme beliefs, it would be Free market theory as against Communism. They are bipolar opposites of each other. It is a thought provoking book and deserves five stars!

Its a marvellous book, cogently arguing the virtues of the free market and how political & personal freedoms are inextricably linked to economic freedoms. Keynesian economics that emerged in the 1930s was made a fetish of by totalitarian & semi-totalitarian regimes. Friedman gave the lie to it so to speak.