Wednesday, August 15, 2007

Free to Choose 1980 - Volume 1: The Power of the Market

Topic: The power of the market to organize information in a way that maximizes prosperity

America's freedom and prosperity derive from the combination of the idea of human liberty in America's Declaration of Independence with the idea of economic freedom in Adam Smith's Wealth of Nations. Friedman explains how markets and voluntary exchange organize activity and enable people to improve their lives. He also explains the price system. Friedman visits Hong Kong, U.S. and Scotland.

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