Shelfology Book Pairing

by Milton Friedman

"First published in 1962 and based on a series of lectures from 1956, Milton Friedman's Capitalism and Freedom provides the definitive statement of an immensely influential economic philosophy-one in which competitive capitalism serves as both a device for achieving economic freedom and a necessary condition for political freedom. In short, the book asks: how can we benefit from the promise of government while avoiding the threat it poses to individual freedom? The result is an accessible text that was selected by the Times Literary Supplement as one of the "hundred most influential books since the war." Enduring in its impact and esteem, the book has sold well over half a million copies in English, has been translated into eighteen languages, and continues to profoundly inform economic thinking and policymaking. This edition includes prefaces written by Friedman for both the 1982 and 2002 reissues of the book, as well as a new foreword by Binyamin Appelbaum, economics editor for the New York Times and author of The Economists' Hour: False Prophets, Free Markets, and the Fracture of Society (Little, Brown, 2019)"--

by Thomas Sowell

The fourth edition of Basic Economics is both expanded and updated. A new chapter on the history of economics itself has been added, and the implications of that history examined. A new section on the special role of corporations in the economy has been added to the chapter on government and big business, among other additions throughout the book. Basic Economics, which has now been translated into six languages, has grown so much that a large amount of material in the back of the book in previous editions has now been put online instead, so the book itself and its price will not have to expand. The central idea of Basic Economics, however, remains the same: that the fundamental facts and principles of economics do not require jargon, graphs, or equations, and can be learned in a relaxed and even enjoyable way.