The Liberty Law Blog looks back on Milton Friedman’s towering defence of economic and political liberty in his book Capitalism and Freedom as it turns 50 in the year 2012. In this online symposium, Gerald P. O’Driscoll Jr., Todd Zywicki, Brian Domitrovic, Donald Boudreaux, and William Ruger, provide reflections on Capitalism and Freedom. Friedman’s classic work remains a text of the first order of liberty. Ranging across military conscription, monetary policy, international trade, occupational licensure, education vouchers, and other topics, the Brooklyn-born economist directly challenged the growing collectivist ice cap that, then as now, threatened a nation dedicated to liberty. This symposium is offered so that we might remember well, in order to recall with Peter Viereck that “Reality is that which, when you don’t believe in it, doesn’t go away.”
While the book turns 50, its author would have turned 100 this year. Two reasons to celebrate.