Friedman 50 years later
eBook: Milton Friedman 50 Years Later, a Reevaluation
Over the past couple of months, ProMarket has hosted a lively debate on whether Milton Friedman was right or wrong when he wrote that...
Corporate Responsibility and The Two Minds of Milton Friedman
Milton Friedman had two inconsistent minds: That of an economist and an ideologue. The view that maximizing profits without constraint is a manager’s only...
Friedman’s Legacy: From Doctrine to Theorem
Friedman was more right than his detractors claim and more wrong than his supporters would like us to believe. However, after 50 years of...
The Purpose of Business is to Solve Problems of Society, Not to Cause Them
Claims that a stakeholder-focused system of corporate governance cannot succeed in the US are perverse because they take as given that corporations in the...
Can Institutional Investors Solve Societal Issues When Governments Fail to Do So?
A new study looks into the social costs associated with private prisons to show that privatization may come with social trade-offs when governments fail...
Bringing Ethics Back to Friedman’s Call to Purpose for the Next 50 Years
Fifty years ago, Friedman compellingly presented his argument for shareholder primacy. But as currently implemented, shareholder primacy threatens the unifying purposes that drove people...
Milton Friedman and the Need for Justice
Milton Friedman predicated his shareholder value maximization credo on the strong implicit and explicit assumptions that the rules of society protect stakeholders other than...
There Is a Direct Line from Milton Friedman to Donald Trump’s Assault on Democracy
Milton Friedman believed that corporations have a social responsibility to play within the rules of the game. But corporations aren’t just players of the...
Strength in Numbers: Using Data to Track Diversity and Inclusion
Recent protests against racism and police brutality, along with the #MeToo movement, have increased pressure on businesses to measure and improve their recruitment and...
Shareholder Value and Social Responsibility Are Not At Odds
Being socially responsible can, and frequently does, make good business sense. There are plenty of opportunities for companies to do well by doing good.
Editor’s...
