Britannica AI Icon

Free to Choose

work by Milton and Rose Friedman

Quick Summary

"Free to Choose" is a work by Milton and Rose Friedman that advocates for the principles of a free market. The book and accompanying television series argue that economic freedom is essential for political freedom and that unregulated markets lead to greater prosperity and individual liberty. The Friedmans, particularly Milton Friedman, a Nobel Prize-winning economist, championed monetarism and critiqued government intervention in the economy. They believed that competition and voluntary exchange are the most effective ways to allocate resources and improve living standards, contrasting this with socialism and state-controlled economies.1234

Summary created from Britannica articles using AI. AI can make mistakes, so verify using Britannica articles.

Ask Britannica AI about this topic

Britannica doesn't have a full article on this topic, so we've curated a list of our relevant coverage.