“Adam Smith's key insight was that both parties to an exchange can benefit and that, so long as cooperation is strictly voluntary, no exchange can take place unless both parties do benefit.”
Quote by Milton Friedman
Work
Free to Choose: A Personal Statement
This book is a compilation of essays and lectures that discuss the principles of free markets and individual liberty. The author explores the impact of government intervention on economic systems and society, advocating for a minimalist state role in the economy. more
Author
Milton Friedman
Milton Friedman was a renowned economist known for his contributions to the field of free-market economics. His research in monetary economics, consumer behavior, and tax policy has had a profound impact. more
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