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Milton Friedman was arguably the single most influential economist of the 20th-century. His influence, particularly on conservative politics in America and Great Britain, substantially helped - as both supporters and critics agree - to shape the global economy as it is today. Capitalism and Freedom (1962) is a passionate but carefully reasoned summary of Friedman's philosophy of political and economic freedom, and it has become perhaps his most directly influential work. Friedman's argument focuses on the place of economic liberalism in society: in his view, free markets and personal economic freedom are absolutely necessary for true political freedom to exist. Freedom, for Friedman, is the ultimate good in a society - the marker and aim of true civilisation. And, crucially, he argues, real freedom is rarely aided by government. For Friedman, indeed, "the great advances of civilization, whether in architecture or painting, in science or literature, in industry or agriculture, have never come from centralized government." Instead, he argues, they have always been produced by "minority views" flourishing in a social climate permitting variety and diversity." In successive chapters, Friedman develops a well-structured line of reasoning emerging from this stance - leading him to some surprising conclusions that remain persuasive and influential more than 60 years on.
Selected by the Times Literary Supplement as one of the "hundred most influential books since the war" How can we benefit from the promise of government while avoiding the threat it poses to individual freedom? In this classic book, Milton Friedman provides the definitive statement of his immensely influential economic philosophy—one in which competitive capitalism serves as both a device for achieving economic freedom and a necessary condition for political freedom. The result is an accessible text that has sold well over half a million copies in English, has been translated into eighteen languages, and shows every sign of becoming more and more influential as time goes on.
For years, we’ve been taught that capitalism is good for freedom. Dominant right-wing talk radio hosts to this day recommend “libertarian” classics like Hayek’s Road to Serfdom and Friedman’s Capitalism and Freedom that claim markets free us, and this picture still dominates the schools and the political spectrum. Well get bent, one percent, because Rob Larson’s Capitalism vs. Freedom: The Toll Road to Serfdom puts big business under a microscope. This book debunks the conservative classics while demonstrating that the marketplace has its own great centers of power, which the libertarian tradition itself claims is a limit to freedom. In fact, Larson illustrates how capitalism fails both this and other concepts of human liberty, not just failing to establish a right to a share of society’s production, but also leaving us subject to the great power plays of the one percent’s corporate property.
This remarkable, expansive text, explores the impact and ramifications this domineering economic phenomenon has had over our personal and social liberties. In this epoch of capitalist globalisation, Peter Nolan argues that capitalist freedom is a two-edged sword, and its contradictions have intensified, threatening the natural environment, and intensifying global inequality.
Since the publication of Max Weber's classic, The Protestant Ethic and the Spirit of Capitalism, it has long been assumed that a distinctly Protestant ethos has shaped the current global economic order. Against this common consensus, Kathryn D. Blanchard argues that the theological thought of John Calvin and the Protestant movement as a whole has much to say that challenges the current incarnation of the capitalist order. This book develops an approach to Christian economic ethics that celebrates God's gift of human freedom, while at the same time acknowledging necessary, and indeed vital, limitations in the context of material and social life. Through sustained interaction with such unlikely dialogue partners as Adam Smith, Milton Friedman, Deirdre McCloskey, and Muhammad Yunus, this book shows that the virtues of self-denial, neighbor love, and sympathy have been quite at home in the capitalism of the past, and can be again. Though self-interest has enjoyed several decades as the unquestioned ruling principle of American economics, other-interest is steadily coming back into view, not only among Christian ethicists, but among economists as well. This book explores the important implications of this shift in economic thinking from a theological perspective.
Friedman discusses a government system that is no longer controlled by "we, the people." Instead of Lincoln's government "of the people, by the people, and for the people," we now have a government "of the people, by the bureaucrats, for the bureaucrats," including the elected representatives who have become bureaucrats.
Combining commercial success with philanthropy and social activism, ‘Quakernomics’ offers a compelling model for corporate social responsibility in the modern world. Mike King explores the ethical capitalism of Quaker enterprises from the eighteenth to the twentieth centuries, testing this theory against those of prominent economists. With a foreword by Sir Adrian Cadbury, this book proves that the Quaker practice of ‘total capitalism’ is not a historically remote nicety but an immediately relevant guide for today’s global economy.
What does it mean to be created in the image of God? How can the existence of evil be explained if we believe in a good and loving God? What is the precise meaning of the notion of original sin? How can God transfer the guilt of humanity to one innocent individual, or should we rather dispense with the notion of penal satisfaction? The first part of Created in the Image of God grapples in a concise manner with these and other elusive and controversial theological and anthropological issues. The second part proceeds to address societal issues that relate to dignity, equality, and freedom. How can human dignity and the dignity of the environment be reconciled? Are the values of freedom and equality natural enemies? When does theology become a tool of oppression? How should we evaluate neo-liberalist economic theory after the greatest recession since the Depression? This book cautiously attempts to provide some answers that might help modern society to re-invent itself in a tumultuous age.