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The Machinery of Freedom - Guide to a Radical Capitalism

Narrated by: David Friedman
Length: 12 hrs and 34 mins
5 out of 5 stars (1 rating)

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Summary

This audiobook argues for a society organized by voluntary cooperation under institutions of private property and exchange, with little, ultimately no, government. It describes how the most fundamental functions of government might be replaced by private institutions, with services such as protecting individual rights and settling disputes provided by private firms in a competitive market. It goes on to use the tools of economic analysis to attempt to show how such institutions could be expected to work, what sort of legal rules they would generate, and under what circumstances they would or would not be stable. The approach is consequentialist.

The claim is that such a society would produce more attractive outcomes, judged by widely shared values, than alternatives, including the current institutions of the US and similar societies. The second edition contained four sections; this third edition adds two more. One explores in greater depth some of the ideas already raised, including discussions of decentralized law enforcement in past legal systems, of rights seen not as a moral or legal category but as a description of human behavior, of a possible threat to the stability of the system not considered in the previous editions, and of ways in which a stateless society might defend itself from aggressive states. The final section introduces a number of new topics, including unschooling, the misuse of externality arguments in contexts such as population or global warming, and the implications of public key encryption and related online technologies. 

Please note: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.

©1973, 1978, 1989, 2014 David Director Friedman (P)2019 David Director Friedman

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Profile Image for Kyle and Dawn Christerson
  • Kyle and Dawn Christerson
  • 10-05-19

Wonderful and thought provoking

If you are interested in freedom and how it could work without a government this is the book for you!

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  • -E
  • 08-05-19

In my top 3 favorite books

This book taught me to find spontaneous order in more places than I ever thought possible.

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  • M. Granger
  • 23-06-19

Excellent narration, thought provoking book

This is a fantastic book that really makes you think about some of the ideas popular within liberty circles. The author narrates it himself, which is great if you're used to his speaking.