Economics instruction at the university level is too often tainted with Marxist socialist influence at the expense of capitalism. High school students graduate with the notion that capitalism equals greed.
So, who will sing the virtues of capitalism?
Milton Friedman, while professor of economics at the University of Chicago, wrote his well-known book “Capitalism and Freedom.” Friedman’s book offers an eloquent discussion explaining and justifying capitalism in the context of freedom. His volume became a classic defense of competitive capitalism. He thoroughly developed the premise that economic freedom, i.e., the freedom to make and spend income as one sees fit as long as it does not restrict another person’s freedom, is fundamental as an end in itself and as a condition for political freedom.