Friday, July 2, 2021

50 Years of Friedman’s Maximizing Shareholder Value Principle

 50 years ago, Dr. Milton Friedman, a renowned economist wrote one of the most influential articles of all time. He argued – “There is one and only one social responsibility of business—to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception fraud.”

On the eve of 50th anniversary of this prestigious article, I have tried to reassess Dr. Friedman’s views in current circumstances. I have also tried to cover opinions of various modern economists.

 Click here - Visit to Friedman's Principal of Shareholder Value Maximization 

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