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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