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Sep 16, 2020 · Milton Friedman’s epochal essay, “The Social Responsibility of Business Is To Increase Its Profits,” was published in the New York Times Magazine 50 years ago this month. The piece remains ...
- Taylor Tepper
Sep 13, 1970 · By Milton Friedman. Sept. 13, 1970; ... The first step toward clarity in examining the doctrine of the social responsibility of business is to ask precisely what it implies for whom.
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Sep 11, 2020 · On September 13, 1970, when Friedman published his landmark piece, “The social responsibility of business is to increase its profits,” in the New York Times, he wrote: In a free-enterprise, private-property system, a corporate executive is an employee of the owners of the business. He has direct responsibility to his employers.
Sept. 13 is the 50th anniversary of a seminal moment in the world of business: the publication of Milton Friedman’s essay in The New York Times Magazine entitled “The Social Responsibility of ...
Sep 13, 2020 · Milton Friedman’s “The Social Responsibility of Business Is to Increase Its Profits” laid out arguably the most consequential economic idea of the latter half of the 20th century. The essay ...
The Friedman doctrine, also called shareholder theory, is a normative theory of business ethics advanced by economist Milton Friedman which holds that the social responsibility of business is to increase its profits. [1] This shareholder primacy approach views shareholders as the economic engine of the organization and the only group to which ...
Sep 30, 2020 · Steven Kaplan, a professor at the University of Chicago, argues that Friedman's famous piece on corporate social responsibility 50 years ago is still relevant and influential. He defends shareholder value maximization as the only social responsibility of business and criticizes the Business Roundtable's statement of purpose.
