Abstract
The economic theories of Milton Friedman have for some time been in the center of controversy among academic economists. The purpose of the present essay is not to enter into that controversy but to evaluate some aspects of the political theory set forth in Friedman's Capitalism and Freedom, his most widely cited work. Tilman argues that Friedman is a utopian theorist since his political economy is unlikely to materialize in the advanced industrial state; that his ideal political economy is incompatible with his advocacy of decentralization; that Western political systems provide little empirical evidence for the interdependence of political freedom and market freedom; that much of Friedman's interpretation is characterized by ideological and political closure and contains an inconsistently applied value criterion. In doing so, Tilman challenges a number of neoclassical ideological presuppositions, such as, among others, the self-adjusting mechanism of the free market economy, the belief in the complete r...
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