---
author: Milton Friedman
category:
  - p/nf
date: '2024-11-27'
description: friedman argues that competitive capitalism supports economic and political freedom, then applies that claim to public policy.
finished: 2025
id: Capitalism and Freedom
modified: 2026-06-05 15:08:00 GMT-04:00
posters: '[[library/posters/capitalism-and-freedom.jpg]]'
status: finished
subcategory: economic
tags:
  - economic
  - finance
title: Capitalism and Freedom
year: 1962
authors: Milton Friedman
created: '2024-11-27'
published: '2024-11-27'
pageLayout: default
slug: library/Capitalism-and-Freedom
permalink: https://aarnphm.xyz/library/Capitalism-and-Freedom.md
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full: https://aarnphm.xyz/llms-full.txt
---
\[@friedman1962capitalism\]

### on occupational licensure

Friedman distinguishes three levels of occupational regulation:

1. registration
2. certification
3. licensing proper

> The most obvious social cost is that any one of
> these measures, whether it be registration, certification, or licensure,
> almost <mark>inevitably becomes a tool</mark> in the hands of _a special producer group_
> to obtain a **monopoly** position at the expense of the rest of the public.