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rue benefits of economics based on the concept of freedom

A timeless Masterpiece in Economic theory.

The famous Nobel Prize winning economist Milton Friedman has championed the cause of free market economics. At a time when a greater part of the world lived in socialist societies, he showed the world the true benefits of economics based on the concept of freedom. He argues and clarifies many misconstrued ideas on regulation and government intervention. His penetrating analysis on various subjects is a very educational read. Amazingly, he addressed the problems and also provided solutions to them. His logic, communication style and ability to convince the reader are spectacular.

If you are an economics student, it will be one of the most important books you will ever read. I don’t agree with his philosophy entirely especially about monetary policy, environment and education. However, I give it up to his brilliant mind. It takes courage to be as imaginative open minded as him, to so aggressively push his ideas into governmental change in the United States and Latin American countries such as Chile, Argentina, Uruguay and many others which have been directly or indirectly influenced by his ideas through his students, who are more popularly known as the “Chicago Boys.” It remains a subject of popular debate as to whether such influence has resulted in good or bad of these nations. If one has to compare the two extreme beliefs, it would be Free market theory as against Communism. They are bipolar opposites of each other. It is a thought provoking book and deserves five stars!

Tejas Khoday

Tejas Khoday

Tejas is the Co-Founder & CEO at FYERS, the youngest team to get NSE’s broker license. He has a specialization in finance and has over 10 years of work experience spanning across proprietary trading, risk management, and broking. Tejas & his team started FYERS, a technology-focused brokerage as a mission to transform the trading/investment landscape in India.

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