"Capitalism and Freedom" is a book by economist Milton Friedman, published in 1962. It argues that economic freedom is essential for political freedom, suggesting that a free-market economy allows individuals to make choices that lead to personal and societal prosperity. Friedman emphasizes the importance of limited government intervention in the economy. The book discusses various topics, including the role of government in regulating markets, the impact of monetary policy, and the benefits of free trade. Friedman advocates for policies that promote individual liberty and economic efficiency, asserting that capitalism fosters innovation and improves living standards.