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
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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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.
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