![]() Our sole responsibility to society? Make money. It influenced - I’d say brainwashed - a generation of C.E.O.s who believed that the only business of business is business. I’ll never forget reading Friedman’s essay when I was in business school in the 1980s. MARC BENIOFF, chief executive of Salesforce ![]() ![]() ‘The Social Responsibility of Business Is to Increase Its Profits’ Below are quotations from Friedman’s landmark essay, along with the experts’ responses. You can read the original essay in its entirety here. Some cited specific passages, and some took on (and took issue with) Friedman’s entire argument. So, in conjunction with The Times Magazine, we assembled 22 experts - including C.E.O.s, Nobel laureate economists and top think-tank leaders - and asked them to respond to Friedman’s essay. ![]() (For more on the historical context in which Friedman’s essay landed, see this essay by Kurt Andersen.)Īt DealBook, we wanted to mark the occasion by stirring a series of discussions and debates. His economic theories, among the most consequential of the 20th century, still hold sway over large parts of corporate America, maybe none more so than this 1970 manifesto on corporate governance. He became a regular on the talk-show circuit. ![]() 13 is the 50th anniversary of a seminal moment in the world of business: the publication of Milton Friedman’s essay in The New York Times Magazine entitled “The Social Responsibility of Business Is to Increase Its Profits.”įriedman, who died in 2006 at the age of 94, was no mere economist he was a kind of celebrity. ![]()
0 Comments
Leave a Reply. |