--- title: "Meaning & Key Takeaway of: Freedom in economic arrangements is…" description: "\"Freedom in economic arrangements is itself a component of freedom broadly understood, so economic freedom is an end in itself ... Economic freedom is a..." image: "https://sms4smile.com/quotes/i/38a/milton-friedman-616_achievement_freedom-in-economic-arrangements-is-itse_307600.png" --- # Freedom in economic arrangements is itself a component of… ![“Freedom in economic arrangements is itself a component of freedom broadly understood, so economic freedom is an end in itself ... Economic freedom is also an indispensable means toward the achievement of political freedom.” quote by Milton Friedman](https://sms4smile.com/quotes/i/38a/milton-friedman-616_achievement_freedom-in-economic-arrangements-is-itse_307600.png) [Download](https://sms4smile.com/quotes/i/38a/milton-friedman-616_achievement_freedom-in-economic-arrangements-is-itse_307600.png) [Open image](https://sms4smile.com/quotes/i/38a/milton-friedman-616_achievement_freedom-in-economic-arrangements-is-itse_307600.png) > “Freedom in economic arrangements is itself a component of freedom broadly understood, so economic freedom is an end in itself ... Economic freedom is also an indispensable means toward the achievement of political freedom.” [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Economic freedom is both an end and a means, essential for overall liberty and political freedom. **In simple terms:** Economic freedom is vital for all freedom. Key Takeaway Promote policies that protect economic liberty. Themes freedom economics politics rights Mood analytical optimistic Type economic political When to use this quote - business regulation - tax policy - trade agreements - social welfare programs Key Concepts liberal economics political philosophy human rights Questions to Reflect On - What balances economic and political freedoms? - How to ensure economic freedom benefits all? A Different Perspective Economic freedom can conflict with social equity goals. ★ ★ ★ ★ ★ No ratings yet [Achievement](https://sms4smile.com/quotes/about/achievement/) [Arrangements](https://sms4smile.com/quotes/about/arrangements/) [Components](https://sms4smile.com/quotes/about/components/) [Economic](https://sms4smile.com/quotes/about/economic/) [Economic Arrangements](https://sms4smile.com/quotes/about/economic-arrangements-1902044/) [Economic freedom](https://sms4smile.com/quotes/about/economic-freedom/) [Economics](https://sms4smile.com/quotes/about/economics/) [Ends](https://sms4smile.com/quotes/about/ends/) [Freedom](https://sms4smile.com/quotes/about/freedom/) [Freedom Economic](https://sms4smile.com/quotes/about/freedom-economic-953759/) [Freedom Indispensable](https://sms4smile.com/quotes/about/freedom-indispensable-2925763/) [Indispensable](https://sms4smile.com/quotes/about/indispensable/) [Liberty](https://sms4smile.com/quotes/about/liberty/) [Mean](https://sms4smile.com/quotes/about/mean/) [Political](https://sms4smile.com/quotes/about/political/) [Political freedom](https://sms4smile.com/quotes/about/political-freedom/) [Understood](https://sms4smile.com/quotes/about/understood/) ## Related quotes > [Economic freedom is ... an indispensable means toward the achievement of political freedom.](https://sms4smile.com/quotes/milton-friedman/economic-freedom-is-an-indispensable-means-toward-the-achievement-of/) [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) > [Viewed as a means to the end of political freedom, economic arrangements are important because of their effect on the concentration or dispersion of…](https://sms4smile.com/quotes/milton-friedman/viewed-as-a-means-to-the-end-of-political-freedom-economic/) [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) > [If you do not force political freedom, economic freedom will be stymied sooner or later.](https://sms4smile.com/quotes/milton-friedman/if-you-do-not-force-political-freedom-economic-freedom-will-be/) [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) > [Coupled with Usury, Unrestricted Competition destroys the small man for the profit of the great and in so doing produces that mass of economically…](https://sms4smile.com/quotes/hilaire-belloc/coupled-with-usury-unrestricted-competition-destroys-the-small-man/) [Hilaire Belloc](https://sms4smile.com/quotes/author/hilaire-belloc/) > [Political freedom without economic freedom is almost worthless, and it is because the modern proletariat has the one kind of freedom without the other…](https://sms4smile.com/quotes/hilaire-belloc/political-freedom-without-economic-freedom-is-almost-worthless-and-it/) [Hilaire Belloc](https://sms4smile.com/quotes/author/hilaire-belloc/) > [You can have economic freedom without political freedom, but you cannot have political freedom without economic freedom.](https://sms4smile.com/quotes/friedrich-august-von-hayek/you-can-have-economic-freedom-without-political-freedom-but-you/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [“Economic freedom is an essential requisite for political freedom. By enabling people to cooperate with one another without coercion or central direction, it reduces…](https://sms4smile.com/quotes/milton-friedman/economic-freedom-is-an-essential-requisite-for-political-freedom-by-2/) [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) > [Conservatives tend to believe there is a close and necessary connection between prosperity and freedom - that economic freedom is an essential part of…](https://sms4smile.com/quotes/edwin-feulner/conservatives-tend-to-believe-there-is-a-close-and-necessary/) [Edwin Feulner](https://sms4smile.com/quotes/author/edwin-feulner/) > [Economic freedom is an essential requisite for political freedom. 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Political freedom is the…](https://sms4smile.com/quotes/ludwig-von-mises/the-idea-that-political-freedom-can-be-preserved-in-the-absence-of/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [Labor Day symbolizes our determination to achieve an economic freedom for the average man which will give his political freedom realty.](https://sms4smile.com/quotes/franklin-d-roosevelt/labor-day-symbolizes-our-determination-to-achieve-an-economic-freedom/) [Franklin D. 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The only power it has is to take from some and give to others.](https://sms4smile.com/quotes/milton-friedman/the-government-doesn-t-have-any-money-the-only-power-it-has-is-to/) [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) > [What would the people who sold us goods do with the money? They'd get dollars. What would they do with the dollars? Eat them?!](https://sms4smile.com/quotes/milton-friedman/what-would-the-people-who-sold-us-goods-do-with-the-money-they-d-get/) [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) > [World trade depends on differences among countries, not similarities. Different countries are in different stages of development. It is appropriate for them to have…](https://sms4smile.com/quotes/milton-friedman/world-trade-depends-on-differences-among-countries-not-similarities/) [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) > [Is there some society you know of that doesn't run on greed? 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