Milton Friedman Quotes About Social Responsibility
-
There is one and only one social responsibility of business - to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.
→ -
Speeches by businessmen on social responsibility...may gain them kudos in the short run. But it helps to strengthen the already too prevalent view that the pursuit of profits is wicked.... There is one and only one social responsibility of business-to...engage in open and free competition without deception or fraud.
→ -
So long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.
→ -
There is one and only one responsibility of business: to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game.
→ -
Why have we had such a decline in moral climate? I submit to you that a major factor has been a change in the philosophy which has been dominant, a change from belief in individual responsibility to belief in social responsibility. If you adopt the view that a man is not responsible for his own behavior, that somehow society is responsible, why should he seek to make his behavior good?
→ -
Few trends could so thoroughly undermine the very foundations of our free society as the acceptance by corporate officials of a social responsibility other than to make as much money for their stockholders as possible.
→ -
There is only one social responsibility of business
→ -
The only corporate social responsibility a company has is to maximize its profits.
→
Related Authors
-
Paul Samuelson Economist -
David D. Friedman Economist -
Adam Smith Philosopher -
George Stigler Economist -
Thomas Friedman Journalist -
Murray Rothbard Economist -
Karl Marx Philosopher -
Friedrich August von Hayek Economist -
Alan Greenspan Economist -
Gary Becker Economist -
John Kenneth Galbraith Economist -
John Maynard Keynes Economist -
Thomas Sowell Economist -
Margaret Thatcher Former Prime Minister of the United Kingdom -
Irving Fisher Economist -
Ludwig von Mises Philosopher -
Paul Krugman Economist -
Frederic Bastiat Economist -
Ayn Rand Novelist