different interpretations of conditions, and enforcing compliance with the generally acceptedrules.MONOPOLY AND NEIGBORHOOD EFFECTSThe role of the government should just considered is to do something that the marketcannot do for itself, for instance, to determine, arbitrate and enforce the rules. According to theauthor, the government of a liberal society should enforce law and order and property rights, aswell as take action on certain technical monopolies and diminish negative "neighborhoodeffects." The government should also have control over money, as has long been recognized inthe constitution and society.
After reading Capitalism and Freedom carefully, my opinion of Milton Friedman has been revised upward. The chapter that I had read from Milton, Capitalism and Freedom, left methinking he was a great thinker. Although my recollections were that Capitalism and Freedomwas surprisingly lacking in nuance. That is probably because it was targeted for a mass audience, but its simplicity still seems like a negative mark for Milton Friedman. Capitalism and Freedomhas very few numbers, and no models, but it is well-argued nonetheless. It is full of rhetoric, butit is the kind of rhetoric that makes sense -- the kind which characterizes government controllingthe individual as a violation of human rights. Friedman argues against the central control whichwas prominent at the time, but is no longer taken seriously.