"First published in 1962 and based on a series of lectures from 1956, Milton Friedman's Capitalism and Freedom provides the definitive statement of an immensely influential economic philosophy-one in which competitive capitalism serves as both a device for achieving economic freedom and a...

Frontmatter -- Table of Contents -- Preface -- Preface to Price Theory: A Provisional Text -- 1. Introduction -- 2. Theory of Demand -- 3. The "Welfare" Effects of Taxes -- 4. The Utility Analysis of Uncertainty -- 5. The Relationships Between Supply Curves and Cost Curves -- 6. The Law of...

What is the exact nature of the consumption function? Can this term be defined so that it will be consistent with empirical evidence and a valid instrument in the hands of future economic researchers and policy makers? In this volume a distinguished American economist presents a new theory of...

Chapter 1: Introduction -- Part I: Friedman’s life and autobiography -- Chapter 2: Part I Introduction -- Chapter 3: Friedman’s life and autobiography -- Chapter 4: Three controversies -- Chapter 5: Friedman in Britain in the 1970s and 1980s -- Chapter 6: Part I Conclusion -- Part II: Milton...