Posts Tagged ‘free society’

The purpose of business in a free society

by Published: August 22,2010

Tags: Business, free society, MBJ column, Phil Hardwick

What responsibility does business have to society?  Nobel prize recipient Milton Friedman and others have argued that a corporation’s purpose is to maximize returns to its shareholders, and that since only people can have social responsibilities, corporations are only responsible to their shareholders and not to society as a whole. Others have gone so far […] [...]

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