The organization of economic activity through voluntary exchange presumes that we have provided, through government, for the maintenance of law and order to prevent coercion of one individual by another, the enforcement of contracts voluntarily entered into, the definition of the meaning of property rights, the interpretation and enforcement of such rights, and the provision of a monetary framework.


Ch. 2 The Role of Government in a Free Society - Capitalism and Freedom (1962)

Milton Friedman Quotes

The organization of economic activity through voluntary exchange presumes that we have provided, through government, for the maintenance of law and...

The organization of economic activity through voluntary exchange presumes that we have provided, through government, for the maintenance of law and...

The organization of economic activity through voluntary exchange presumes that we have provided, through government, for the maintenance of law and...

The organization of economic activity through voluntary exchange presumes that we have provided, through government, for the maintenance of law and...