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
Jack Alan Reynolds
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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.
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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.
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.
Ignacio Ferrero, W. Michael Hoffman & Robert E. McNulty (2014). Must Milton Friedman Embrace Stakeholder Theory? Business and Society Review 119 (1):37-59.
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