Long answer

2. There are perhaps two main views regarding the "social responsibility of business" that have been articulated. The first is perhaps best described by Milton Friedman (1970) who suggests the social responsibility of business is to increase its profits. The second claims that business has a corporate social responsibility, which has now perhaps best articulated as ESG policies for business. The New York Times article (2022) discusses ESG investing.

(i) Outline Friedman's main arguments in support of his position.

(ii) Outline ESG investing as discussed in the New York Times (2022) article.

(iii) Compare and contrast these alternative views regarding the social responsibility of business.