Milton Friedman, 50 Years Ago Today | The Smirking Chimp

A half-century ago, the economist Milton Friedman wrote an article in the New York Times Magazine that got a lot of attention. In it, he argued that CEOs should not try to be socially responsible. Their sole obligation was to maximize shareholder returns. It was the responsibility of government to respond to social needs.

Milton Friedman, 50 Years Ago Today | The Smirking Chimp

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