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In 1962 Milton Friedman, with Rose Friedman,
published
Capitalism and Freedom
. This book contained the conjecture that there was a fundamental
relationship between political freedom and the reliance on
markets for the conduct of economic activity. Without economic
freedom, political freedom would decline. This book presents the
papers the papers and discussion of a symposium held to consider
those relationships. The symposium was co-chaired by Milton
Friedman, Rose Friedman and Michael Walker. The participants from
seven countries are among the most distinguished in their
profession and their collected wisdom on the subject is a unique
source for those concerned about the future relationships between
democratic political institutions and world economic
development.
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