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A critique of Milton Friedman's essay 'the social responsibility of business is to increase its profits'
Journal of Business Ethics 5 (4):265 - 269 (1986)
Abstract
The main arguments of Milton Friedman's famous and influential essay are unsuccessful: He fails to prove that the exercise of social responsibility in business is by nature an unfair and socialist practice.Much of Friedman's case is based on a questionable paradigm; a key premise is false; and logical cogency is sometimes missing.Other Versions
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Citations of this work
Individual Personality Factors That Affect Normative Beliefs About the Rightness of Corporate Social Responsibility.Peter Mudrack - 2007 - Business and Society 46 (1):33-62.
Moral Agency, Profits and the Firm: Economic Revisions to the Friedman Theorem.Sigmund Wagner-Tsukamoto - 2007 - Journal of Business Ethics 70 (2):209-220.
Smith, Friedman, and Self-Interest in Ethical Society.Harvey S. James & Farhad Rassekh - 2000 - Business Ethics Quarterly 10 (3):659-674.
Strategy Development: Conceptual Framework on Corporate Social Responsibility.Thomas Hanke & Wolfgang Stark - 2009 - Journal of Business Ethics 85 (S3):507 - 516.
Are ‘Ethical’ or ‘Socially Responsible’ Investments Socially Responsible?Sirkku Hellsten & Chris Mallin - 2006 - Journal of Business Ethics 66 (4):393-406.
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