The Role of Government in a Free SocietyĪccording to the author, the government of a liberal society should enforce law and order and property rights, as well as take action on certain technical monopolies and diminish negative "neighborhood effects." The government should also have control over money, as has long been recognized in the constitution and society iii.
Additionally, economic freedom is important, since any "bi-laterally voluntary and informed" transaction must benefit both parties to the transaction. He argues that, with the means for production under the auspicies of the government, it is nearly impossible for real dissent and exchange of ideas to exist. In this chapter, Friedman promotes economic freedom as both a necessary freedom in itself and also as a vital means for political freedom. The Relation between Economic Freedom and Political Freedom Friedman opts for the continental European, rather than American, definition of the term.
The introduction lays out the principles of Friedman's archetypal liberal, a man who supports limited and dispersed governmental power. Capitalism and Freedom is a book by Milton Friedman published in 1962.
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