Interpreting Friedman's View of Business

Abstract

I have decided to focus this discussion on the famous article by Milton Friedman, “The Social Responsibility of Business is to Increase Its Profits.” This article was originally published in 1970 and has been reproduced in many sources since then. So the article is over 30 years old. However, the perspective that Friedman promotes in this article is one that is still very much a part of discussions about business, business ethics, and ethics and economics. It seems legitimate to me to try to get an insight into some of Friedman’s insights and oversights.