8vo. Original blue cloth gilt-lettered (very slight rubbing to a few corners); original dust jacket (a few pale spots, some very slight chipping along top edge); quarter green morocco folding case gilt.

FIRST EDITION of Friedman's work, named as one of Time Magazine's All-Time 100 Best Nonfiction Books: "In Capitalism and Freedom, published in 1962, Friedman makes his most important contribution to his profession: the argument that the best medicine for curing a recession and stabilizing economies is for a nation's central bank (the Federal Reserve for the U.S.) to be slowly but constantly increasing the amount banks are allowed to lend and therefore increasing the supply of money--but only in brief." The work has sold more than half a million copies and has been translated into eighteen languages.