An Appropriate Ethical Model for Business and a Critique of Milton Friedmans 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 Friedmans essay seems to exculpate a practice antithetical to the free marketcorporate 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|