Posted by: Educated and Aware | December 19, 2009

Is Friedman theory also dead?

A seminal article on the purpose of business is Milton Friedman’s 1970 article, “The Social Responsibility of Business is to Increase Its Profits” (New York Times Magazine, September 23 1970).

Is this still true?

What are the positive and negative ramifications of this purpose today?

Here’s a recent commentary on it on Business Ethics website.

How have 39 years changed the purpose of business–or how has the passing of time made no difference?



  1. […] is a recent article on business ethics today. We can collect comments here on this site or on this other site which is also about sales […]

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