Summary of Milton Friedman's Capitalism and Freedom by Milkyway Media


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Milton Friedman’s Capitalism and Freedom (1962) is an overview of some of the ideas that made Friedman one of the most influential economists in history.Although John F. Kennedy’s 1961 call to the American people, “Ask not what your country can do for you, ask what you can do for your country,” was one of the most famous messages of the decade, it was also bad advice... Purchase this in-depth summary to learn more.




Capitalism and Freedom


Book Description

Examines the nature of the relationship which exists between a society based on competitive capitalism and the political and economic freedoms of its citizens




There's No Such Thing as "The Economy"


Book Description

Every Economics textbook today teaches that questions of values and morality lie outside of, are in fact excluded from, the field of Economics and its proper domain of study, "the economy." Yet the dominant cultural and media narrative in response to major economic crisis is almost always one of moral outrage. How do we reconcile this tension or explain this paradox by which Economics seems to have both everything and nothing to do with values? The discipline of modern economics hypostatizes and continually reifies a domain it calls "the economy"; only this epistemic practice makes it possible to falsely separate the question of value from the broader inquiry into the economic. And only if we have first eliminated value from the domain of economics can we then transform stories of financial crisis or massive corporate corruption into simple tales of ethics. But if economic forces establish, transform, and maintain relations of value then it proves impossible to separate economics from questions of value, because value relations only come to be in the world by way of economic logics. This means that the "positive economics" spoken of so fondly in the textbooks is nothing more than a contradiction in terms, and as this book demonstrates, there's no such thing as "the economy." To grasp the basic logic of capital is to bring into view the unbreakable link between economics and value.




Knowledge, Spirit, Law: Book 2: The Anti-capitalist Sublime


Book Description

Knowledge, Spirit, Law, Book 2: The Anti-capitalist Sublime takes up where Knowledge, Spirit, Law, Book 1: Radical Scholarship (2015) left off, foremost in terms of a critique of neo-liberal academia and its demotion of the book in favor of various mediatic practices that substitute, arguably, for the one form of critical inquiry that might safeguard speculative intellectual inquiry as long-form and long-term project, especially in relationship to the archive or library (otherwise known as the "public domain"). This ongoing critique of neo-liberal academia is a necessary corrective to processes underway today toward the further marginalization of radical critique, with many of the traditional forms of sustained analysis being replaced by pseudo-empirical studies that abandon themes only presentable in the Arts and Humanities through the "arcanian closure" that the book as long-form inquisition represents (whether as novel, non-fictional critique, or something in-between). As a tomb for thought, this privileging of the shadowy recesses of the book preserves, through the very apparatuses of long- and slow-form scholarship, the premises presented here as indicative of an anti-capitalist project embedded in works that might otherwise shun such a characterization. The perverse capitalist capture of knowledge through mass digitalization is - paradoxically - the negative corollary for the reduction by abstraction of everyday works to a philosophical and moral inquest against Capital. The latter actually constitutes a transversal reduction for works (across works) toward the age-old antithesis to instrumentalized socio-cultural production - Spirit. For similar reasons, the anti-capitalist sublime as presented here is primarily a product of the imaginative, magical-realist regimes of thought in service to "no capital" - to no capitalization of thought. This book seeks to re-establish paradigmatic, a-historical, and universalizing practices in humanistic scholarship associated with speculative inquiry as a form of art, utilizing in passing forms of art and exemplary paradigmatic practices that are also first-order forms of speculative inquiry - suggesting that first-order works in the Arts and Humanities are those works that may "suffer" second-order incorporations without the attendant loss of the impress of sublimity (Spirit).




Lessons for the Young Economist


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Cosmic Society


Book Description

Space weaponry, satellite surveillance and communications, and private space travel are all means in which outer space is being humanized: incorporated into society’s projects. But what are the political implications of society not only being globalized, but becoming ‘cosmic’? Our ideas about society have long affected, and been affected by, our understanding of the universe: large sections of our economy and society are now organized around humanity’s use of outer space. Our view of the universe, our increasingly ‘cosmic’ society, and even human consciousness are being transformed by new relations with the cosmos. As the first sociological book to tackle humanity’s relationship with the universe, this fascinating volume links social theory to classical and contemporary science, and proposes a new ‘cosmic’ social theory. Written in a punchy, student-friendly style, this timely book engages with a range of topical issues, including cyberspace, terrorism, tourism, surveillance and globalization.




A Spontaneous Order


Book Description

A Spontaneous Order: The Capitalist Case for a Stateless Society is an astonishingly concise, rigorous, and accessible presentation of anarcho-capitalist ideals. It covers a wide range of topics including: Money and Banking, Monopolies and Cartels, Insurance, Health Care, Law, Security, Poverty, Education, Environmentalism, and more! To enjoy this compelling read requires no previous political, philosophical, or economic knowledge as all uncommon concepts are defined and explained in a simple yet uncompromising manner. Take heed, this work is liable to cause radical paradigm shifts in your understanding of both the State and Free Market.




The End and the Beginning


Book Description

First published in Germany in 1929, The End and the Beginning is a lively personal memoir of a vanished world and of a rebellious, high-spirited young woman's struggle to achieve independence. Born in 1883 into a distinguished and wealthy aristocratic family of the old Austro-Hungarian Empire, Hermynia Zur Muhlen spent much of her childhood travelling in Europe and North Africa with her diplomat father. After five years on her German husband's estate in czarist Russia she broke with both her family and her husband and set out on a precarious career as a professional writer committed to socialism. Besides translating many leading contemporary authors, notably Upton Sinclair, into German, she herself published an impressive number of politically engaged novels, detective stories, short stories, and children's fairy tales. Because of her outspoken opposition to National Socialism, she had to flee her native Austria in 1938 and seek refuge in England, where she died, virtually penniless, in 1951. This revised and corrected translation of Zur Muhlen's memoir - with extensive notes and an essay on the author by Lionel Gossman - will appeal especially to readers interested in women's history, the Central European aristocratic world that came to an end with the First World War, and the culture and politics of the late nineteenth and early twentieth centuries.




Monsters of the Market


Book Description

"Monsters of the Market" investigates modern capitalism through the prism of the body panics it arouses. Examining "Frankenstein," Marx s "Capital" and zombie fables from sub-Saharan Africa, it offers a novel account of the cultural and corporeal economy of global capitalism.