A critique of Milton Friedman's essay 'the social responsibility of business is to increase its profits'
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Ezio Di Nucci
Jonathan Jenkins Ichikawa
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 5 (4):265 - 269 (1986)
The main arguments of Milton Friedman's famous and influential essay are unsuccessful: He fails to prove that the exercise of social responsibility in business is by nature an unfair and socialist practice.Much of Friedman's case is based on a questionable paradigm; a key premise is false; and logical cogency is sometimes missing.
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
No references found.
Citations of this work BETA
Moses L. Pava & Joshua Krausz (1996). The Association Between Corporate Social-Responsibility and Financial Performance: The Paradox of Social Cost. [REVIEW] Journal of Business Ethics 15 (3):321 - 357.
Sigmund Wagner-Tsukamoto (2007). Moral Agency, Profits and the Firm: Economic Revisions to the Friedman Theorem. [REVIEW] Journal of Business Ethics 70 (2):209 - 220.
Deborah C. Poff (2010). Ethical Leadership and Global Citizenship: Considerations for a Just and Sustainable Future. [REVIEW] Journal of Business Ethics 93 (1):9 - 14.
Thomas Hanke & Wolfgang Stark (2009). Strategy Development: Conceptual Framework on Corporate Social Responsibility. [REVIEW] Journal of Business Ethics 85 (3):507 - 516.
Christof Miska, Christian Hilbe & Susanne Mayer (2013). Reconciling Different Views on Responsible Leadership: A Rationality-Based Approach. [REVIEW] Journal of Business Ethics 125 (2):1-12.
Similar books and articles
John R. Danley (1991). Polestar Refined: Business Ethics and Political Economy. [REVIEW] Journal of Business Ethics 10 (12):915 - 933.
Richard Nunan (1988). The Libertarian Conception of Corporate Property: A Critique of Milton Friedman's Views on the Social Responsibility of Business. Journal of Business Ethics 7 (12):891 - 906.
John W. Dienhart (2008). The Separation Thesis. Business Ethics Quarterly 18 (4):555-559.
Colin Grant (1991). Friedman Fallacies. Journal of Business Ethics 10 (12):907 - 914.
Thomas M. Mulligan (1990). Justifying Moral Initiative by Business, with Rejoinders to Bill Shaw and Richard Nunan. Journal of Business Ethics 9 (2):93 - 103.
Eric Palmer (2007). Corporate Responsibility and Freedom. International Corporate Responsibility Series 3:25-33.
Daryl Koehn (1996). The Ethics of Business: Moving Beyond Legalism. Ethics and Behavior 6 (1):1 – 16.
Brian P. Schaefer (2008). Shareholders and Social Responsibility. Journal of Business Ethics 81 (2):297 - 312.
Christopher Cosans (2009). Does Milton Friedman Support a Vigorous Business Ethics? Journal of Business Ethics 87 (3):391 - 399.
Bill Shaw (1988). A Reply to Thomas Mulligan's “Critique of Milton Friedman's Essay 'the Social Responsibility of Business to Increase its Profits'”. Journal of Business Ethics 7 (7):537 - 543.
Added to index2009-01-28
Total downloads682 ( #1,169 of 2,149,850 )
Recent downloads (6 months)35 ( #14,272 of 2,149,850 )
How can I increase my downloads?