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Essay

capitalism and freedom

Essay specific features

 

Issue:

Book Reports

 

Written by:

Charley R

 

Date added:

March 15, 2011

 

Level:

University

 

Grade:

A

 

No of pages / words:

11 / 2946

 

Was viewed:

9088 times

 

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Essay content:

First, what is it to the root of which Professor Friedman is going? Second, where is it that he considers this root to be located? And third, what are the major changes in social institutions that he is in favor of? But before trying to summarize--as much as possible in his own words--the answers to these questions as they are set forth in the book under review, it will be useful to indicate briefly its point of departure, that is, the criteria by which the condition of society is judged...
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Just as in a lottery people draw large, small, or no prizes at all, so in society there are individuals who inherit from their parents, say, a peculiar voice for which there is a great demand, or inherit (or otherwise acquire) large amounts (and proportions) of society's wealth. All of these unequally equipped individuals are interconnected by a system of voluntary cooperation: the competitive market...
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