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“50 Years Later, It’s Time to Reassess”: Raghuram Rajan on Milton Friedman and Maximizing Shareholder Value
Raghuram Rajan
The biggest problem with shareholder value maximization is that it completely turns a tin ear to politics. The alternative is to maximize the value...
What we are reading
Poll: Majority of Americans Concerned About Big Tech’s Economic, Political Power
ProMarket writers
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It Is Time to Move on From Friedman’s View of the Corporation
Stefano Zamagni
The anti-CSR position defended by Friedman would be acceptable only under conditions that have never been met by any real-world economy. Furthermore, the notion...
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Facebook Needs Trump Even More Than Trump Needs Facebook
ProMarket writers
What we are reading
Fool Me Twice: How Democrats Risk Repeating the Mistakes of the Financial Crisis in the Era of Covid-19
ProMarket writers
What we are reading
A Scrapped Plan to Ship Masks to Americans. A Standoff With Amazon Amid Pressure From Trump. New Documents Detail USPS’s Spring in Crisis.
ProMarket writers
What we are reading
Trump Flags Concerns About Oracle-TikTok Deal
ProMarket writers
What we are reading
Private Equity Owners Pile on Leverage to Pay Themselves Dividends
ProMarket writers
What we are reading
A $1.5 Trillion Compromise That Democrats Can’t Ignore
ProMarket writers
What we are reading
This Is How Bad It’s Gotten at the Justice Department
ProMarket writers
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