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This 5 page paper discusses economist Milton Friedman’s book, “Free to Choose.” Bibliography lists 1 source.
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5 pages (~225 words per page)
File: D0_HVFreCho.rtf
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wife, Rose. The book became an international best-seller and served as a companion piece to Friedmans television show of the same name. Discussion To put it simply, Friedman argues for
the idea of the free market. That is, he believes that if all controls are removed from the market, it will self-adjust so that people who have goods to sell
will find those who want to buy, and so on. The unregulated free market it a capitalists dream, because it allows him (or her) to pursue their aims of wealth
without any government regulation to interfere with their business. Friedman is of course much more sophisticated than this, and he explains his thinking at length. His basic argument is that
there are two types of societies, what he refers to as the society that operates on the "command" principle and the one that operates on the principle of "voluntary exchange"
(Friedman). The military is the example Friedman uses as an example of a command society, because that is how it is structured: one person gives commands and others carry them
out. A society organized on the command principle is relatively inflexible and rigid; in fact, he argues, such a society cannot function unless there is also some "voluntary exchange" contained
within it (Friedman). His example here is the Soviet Union, which of course was constrained by its Marxist ideology into a tightly controlled command society. But it wouldnt have
worked if there hadnt been some small amount of voluntary exchange occurring: it appears in the economy "to supplement central planning or to offset its rigidities-sometimes legally, sometimes illegally" (Friedman
10). In effect, it seems that when a voluntary exchange appears in a tightly controlled command market, it is a black market, and Friedman seems quite comfortable winking at it.
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