Milton Friedman is a Nobel Prize laureate—one of the most outstanding economists in the modern world, a person at the forefront of classic liberal thought. His book “Capitalism and Freedom,” first published in 1962, is one of the most significant works in economic theory. It continues to serve as a source of information for economic analysis and political decision-making around the world. This edition includes a new foreword by Binyamin Appelbaum, a leading specialist in economics from the editorial board of The New York Times. The book has sold about a million copies and has been translated into eighteen languages. Any educated person who cares about politics and economics should have a book like this in their collection.