
Half a century of this is enough: Friedman’s piece saying business must be irresponsible
Fifty years ago come this Sunday, on September 13, 1970, Milton Friedman (a professor of economics at The University of Chicago) published a piece in the New York Times called “The Social Responsibility of Business is to Increase Its Profits.” Invoking the socialist bogeyman, he argues that businesses should focus only on increasing their profits. … Read more