Compete for money or care for social matters

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Question: Corporate Responsibility: Compete for Money or Care for Social Matters?

As we began covering competition and market structure, I believe it is worth engaging in a Socratic debate on the core mission of corporations: is it making more money only or also having social responsibilities as well? How about if the two contradict each other? Which one shall come first?

Perhaps, no article attracted more attention on this matter than the one written by Milton Friedman 50 years ago. Below, I would like you to read Friedman's original article in its totality first. Then, you shall read recent discussions on the article. Once you do that, I want to know your position on this matter. Do you agree with Friedman or his opponents? Why?

A Friedman doctrine-- The Social Responsibility of Business Is to Increase Its Profits By Milton Friedman Sept. 13, 1970

Reference no: EM133399621

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