An Appropriate Ethical Model for Business and a Critique of Milton Friedman’s Thesis
By Richard W. Wilcke
This article appeared in the Fall 2004 issue of The Independent Review


Economist Milton Friedman drew the wrath of anti-market business ethicists for his controversial 1970 essay “The Social Responsibility of Business Is to Increase Its Profits.” Business leaders seeking an ethical standard consistent with the free market should look elsewhere, however, because Friedman’s essay seems to exculpate a practice antithetical to the free market—corporate lobbying for special government favors.

Other Independent Review articles by Richard W. Wilcke
    Fall 2003   More Arrows Bouncing Off the Great H. L. Mencken
    Winter 2000   In Restraint of Trade: The Business Campaign against Competition, 1918-1938

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