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This book is about the author’s opinion in the involvement of the government on American competitive capitalism market. He wrote, government should have two broad principles. One, it must be limited and be used to protect freedom. Two, it must be dispersed. The author view is liberalism, supports reducing roles of the state in economic affairs. He talks about politic freedom and economic freedom, role of government in private monopoly, public monopoly, and public regulation as result of competitive capitalism, a way of classification through use of neighborhood effects, role of controlling money through Reserves. He identifies four mechanisms to achieve foreign balances. He believes government should have responsibility in unemployment, to some degree in education, occupation regulations, distribution of income and welfares.

I chose this book because he was well-known. I had to read what he was about. Be warned, this is evolved from this dissertation, I believe, as with any academic material, it would be no surprise if you find yourself in a great boredom. If you have no particular academic interest in this area, just take away this point: this book was his point of view (liberalism) in the roles of government in all (I think he covered all) aspects of American capitalism.