Free to Choose: A Personal Statement | Milton Friedman, Rose Friedman

Free to Choose: A Personal Statement | Milton Friedman, Rose Friedman | The secret to sccess of a country

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	Free to Choose: A Personal Statement Milton Friedman, Rose Friedman Mariner Books, 1990 - 360 pages average customer review:based on 102 reviews view larger image
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highly recommended

The international bestseller on the extent to which personal freedom has been eroded by government regulations and agencies while personal prosperity has been undermined by government spending and economic controls. New Foreword by the Authors; Index.

Most important book on economics and politics ever written.

More Important now than when it was written, this blueprint for the relationship between society and those who want to govern demonstrates with complete clarity what has always been and will always be the result of any effort by government to control the economy.

The secret to sccess of a country

WOW - 98 reviews. What can I possibly add.

I'll not dwell on details as those are discussed extensively in some of the earlier reviews. What Friedman did in this book was to present a brief - some say too brief - review of some basic principles of human behavior and the outcomes resulting from that behavior.

If you ever buy anything on ebay or invest in stocks you understand that the market establishes the "real" value of an item. Nothing is overpriced - if it is you simply don't buy it - and nothing is underpriced - if so you'd buy several. That understanding is the essence of the book.

Basically we are selfish beings. Friedman understands that and the founders of the United States understood that and built from that understanding an economic system that has long been the envy of the world. Smugglers bring drugs and would be terrorists across from Mexico - reason enough to seal the border - but the most important item smuggled is ordinary people. Ordinary people who are willing to pay dearly and risk life and limb to enter a country where one's native selfish nature can not only earn a living but in the process bring benefit to the society at large. Those illegal immigrants are "buying" because they know from their own experiences in Mexico and southward that entry into the U.S. economy is worth even the enormous price they pay.

Those of us who grew up in a free market system and haven't seen much of the rest of the world tend to think our society is priced a bit too high. That's why we vote in massive numbers for more government handouts - we deserve to be compensated for the high price. But, the rest of the world knows better. The rest of the world knows that it's worth whatever price is required to get here. They may not understand free market economics, but they do understand that what we've got works.

I've explained it all as seen through my own personal rose-colored glasses in a couple of paragraphs, so why should you read Friedman's book. Here's why. I could tell you about Disney World in a couple of paragraphs but you wouldn't have a clue. Same with this book. If you want to understand at more than a superficial level you should read a few of the reviews - both positive and negative - to get a sense of what other readers got from it. Then read the book. Then you will get the understanding.

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This should be required reading in public schools

The message that this book conveys is very appropriate at this time for what is transpiring in the United States today. It contains critical information for everyone who desires personal liberty and a prosperous life.

#5 A good basic book before you read Socialism by Ludwig von Mises

Although milton friedman is a Nobel prize winning economist and one of the most recognizable he is far from a Ludwig von Mises! Now as far as what passes as a modern day economist he is a giant!

Regardless, this book is very good in its explanation of the real costs behind the current health care issue and why our government should be on the gold standard instead of printing/borrowing money (Inflation).

It is an easy read and very understandable.

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Biased.

Free to Choose is a book by a Nobel-winning Economist, Milton Friedman, co-written with his wife, Rosa Friedman, making an argument for less government intervention in the economy, less regulation, and suggesting that human freedom is interconnected with the amount of economic freedom that is allowed to exist by the government.
Free to Choose was originally written during the period of the Cold War, where the great debate was between Capitalism and Communism. In many aspects,the argument is outdated for it is trying to attack and illustrate the shortcomings of the Communist states, thus presenting free-market capitalism as a desirable alternative. In many instances, the arguments do feel like propaganda, precisely, not because they are illogical or trying to be forcefully persuasive, but because they are presenting an economic system that is far from perfect, as an outstanding achievement that its only significant error arises from government intervention. Another problem I had with this book, is that it selects data, and ignores data that do not fit the argument. Precisely, his argument against minimum wage rates and trade unions are economically solid, but he fails to address the fact that the trade union movements, and the Socialist political parties of the last century played a vital role in stopping child labor, and reducing discrimination between the sexes and racial discrimination, as well as enforcing healthy working conditions at a period when child labor, labor discrimination and low working conditions were the everyday reality of the working class in Europe. Again, for today, his criticism is solid, but the reality is that it is the government that had to intervene in the labor market in order for the social problems that arose from free market capitalism to be reduced.
This book is fantastic for explaining the positive effects of the free market element of capitalism. However, Friedman's greater mistake is precisely the fact that he is one-sided. This book is written for people with no economic knowledge, and one can understand this from Friedman's terminology and expression.
At the end, this book is a biased statement in favor of free market capitalism, and should be read with caution.

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