Question: Explicate and assess Milton Friedmans arguments for the claim that the only social responsibility of business is to increase profits. According to Friedman, what is
Explicate and assess Milton Friedmans arguments for the claim that the only social responsibility of business is to increase profits. According to Friedman, what is problematic about and/or ethically wrong with businesses pursuing other sorts of social responsibilities? What is the nature of the distinction between principals and agents, and how is it relevant to Friedmans claim and arguments? Do you agree with Friedmans claim? Why or why not?
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