Business Associations

Resource 13 . 4

Friedman: The Social Responsibility of Business Is to Increase Profits

3/18/2024 pdw

Paul Weitzel,

Paige G. DuRandt,

Lauren M. Kubat,

Jacob H. Owens, CPA

In the linked article, economist Milton Friedman argues that corporations should not and cannot consider social responsibility.

How far can this argument be pushed? Must each corporation pay the lowest feasible wage to its workers? Assuming it is profitable to do so, must it pollute to the maximum extent permitted by law?

Friedman: The Social Responsibility of Business Is to Increase Profits

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