Milton Friedman

Milton Friedman's books examine prices, consumption, individual choice, government power, markets, and the institutional conditions attached to economic freedom. Price Theory develops the relation between incentives, scarcity, and exchange. A Theory of the Consumption Function turns toward household behavior over time, asking how income expectations shape spending rather than treating each period in isolation.

Capitalism and Freedom links market arrangements with arguments about political and personal liberty. Free to Choose presents related claims through practical policy questions and the consequences of centralized decisions. Across these works, Friedman favors comparison between systems and attention to incentives, arguing that a policy should be judged not only by its stated intention but by the behavior and constraints it produces.