Fifty years ago, Milton Friedman published his landmark work The Social Responsibility Of Business Is to Increase Its Profits in The New York Times Magazine. A reaction against the surging support for social justice in 1970, the essay would go on to influence the course of economics and corporate governance for the next half century.
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The origins of the profit constraint
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Fifty years ago, Milton Friedman published his landmark work The Social Responsibility Of Business Is to Increase Its Profits in The New York Times Magazine. A reaction against the surging support for social justice in 1970, the essay would go on to influence the course of economics and corporate governance for the next half century.