Translator's Preface
Harvest/HBJ edition preface
introduction
introduction

Chapter 1: The Power of the Market

1.
Cooperation through voluntary exchange
2.
The role of price
3.
Social structure and selfishness
4.
The role of government
5.
The reality of a police state

Chapter 2: The Tyrant Called Control

1.
international trade
2.
centralized economic planning
3.
Control and freedom

Chapter 3: Anatomy of the Great Depression

1.
Origins of the Federal Reserve System
2.
Early Federal Reserve System
3.
The onset of the Great Depression
4.
financial panic
5.
Truth and Claim

Chapter 4: From the Cradle to the Grave

1.
The emergence of the modern welfare state
2.
The consequences of the welfare state
3.
Misconceptions about the welfare state
4.
conclusion

Chapter 5: Equality gone astray

1.
Equality before God
2.
Equality of opportunity
3.
equality of outcome
4.
Who supports equality of outcome?
5.
The results of egalitarian policies
6.
Capitalism and Equality
7.
conclusion

Chapter 6: School Education: What's the Problem?

1.
Primary and secondary education issues
2.
Elementary, middle, and high school tuition coupon system
3.
Obstacles to the tuition coupon system
4.
Higher education issues
5.
Solutions to Higher Education Problems
6.
conclusion

Chapter 7 Who Protects Consumers?

1.
Interstate Commerce Commission (ICC)
2.
Food and Drug Administration (FDA)
3.
Consumer Product Safety Commission
4.
environmental protection
5.
Energy
6.
market
7.
conclusion

Chapter 8 Who Protects Workers?

1.
Trade unions and workers
2.
Government and workers
3.
Workers without protection
4.
Competition between users
5.
conclusion

Chapter 9 Treatment of Inflation

1.
Various forms of currency
2.
Root causes of inflation
3.
Causes of excessive money supply
4.
Government revenue generated from inflation
5.
Inflation measures
6.
Side effects of curing inflation
7.
How to reduce side effects
8.
Case study on Japan
9.
conclusion

Chapter 10: The Tide is Changing

1.
The importance of intellectual climate
2.
Public opinion and public behavior
3.
The rise of interest groups
4.
What can we do?
5.
Limits on taxes and expenditures
6.
Other constitutional amendments
7.
conclusion

Appendix A: The 1928 American Socialist Party Platform
Appendix B: Constitutional Amendment to Limit Federal Spending
annotation

- A masterpiece of the 20th century, translated into 24 languages
- A must-read to understand the meaning and value of freedom.
- Re-examined as President Yoon Seok-yeol's "life book"

The recently popular book, "Freedom to Choose," has been revised and published.
This book is receiving renewed attention as President Yoon Seok-yeol referred to it as a “book of life.”
It is attracting attention as a must-read book to predict the current government's policy direction for the next five years.
The book sold 400,000 copies immediately after its first publication in the United States in 1980 and has been translated into more than 24 languages ​​worldwide.
The Free Enterprise Institute first published a translation of “Freedom to Choose” in 2003.
Then, we recently published it with a refined writing style and a sophisticated design so that even readers who are new to economics books can easily read it.
This is the 78th book in the Free Enterprise Institute's Liberalism series, and can be purchased at domestic online and offline bookstores, including Kyobo Bookstore and Yes24.

Milton Friedman is one of the most influential economists of the 20th century.
He directly criticized Keynesianism, which was the mainstream economics at the time.
Keynes was an economist who advocated active government intervention.
Keynesianism led the advanced countries of the time to socialism.
On the other hand, Friedman advocated liberalism and a market economy, emphasizing small government and freedom.
Friedman emerged as a counterweight to the global economy's departure from Keynesianism.
Friedman's theory also had a great social impact.
His theories also influenced the policies of the Reagan administration.
He won the 1976 Nobel Prize in Economics for his achievements in revitalizing the economy.
In 1988, he received the Presidential Medal of Freedom.

Human beings have the right to pursue what they want.
We have the right to choose all aspects of life, including politics, religion, and society, and that is the freedom to choose.
When the government takes away the people's right to choose for any purpose, it is likely to be used by interest groups or to increase the government's power.
This government interventionism has plunged the world economy into crisis.
But when the market was freed from government intervention, the economy came alive.
The value of freedom is that it can enrich humanity.
This has already been proven throughout human history.

This book begins with "Chapter 1: The Power of the Market," followed by "Chapter 2: The Tyrant Called Control," "Chapter 3: Anatomy of the Great Depression," "Chapter 4: From the Cradle to the Grave," "Chapter 5: Equality Wrong," "Chapter 6: What's Wrong with School Education?" "Chapter 7: Who Protects Consumers?" "Chapter 8: Who Protects Workers?" "Chapter 9: A Cure for Inflation," and "Chapter 10: The Tide Is Changing."
Chapters 1 through 10 present problems and solutions that arise when the government intervenes excessively in various fields such as economy, society, education, and the market.
It will be of great help to readers who are contemplating the value of freedom and the meaning and role of government.

Modern society consistently emphasizes the role of government, overlooking the problems that arise when government intervenes excessively.
However, excessive regulation hinders the growth of individuals and industries.
Such cases still occur frequently.
This is why we, living in the 21st century, must read “Freedom to Choose.”