Milton Friedman was a strong critic of the theory of maximizing profits for shareholders.

Question

Quizplus · Accepted Answer

This statement is false. Milton Friedman was a strong advocate of the theory of maximizing profits for shareholders. He argued that the primary responsibility of a business is to maximize profits within legal and ethical boundaries, and that this would ultimately benefit society as a whole through economic growth and job creation.

Milton Friedman Was a Strong Critic of the Theory of Maximizing