________ said, "The social responsibility of business is to increase profits."

Question

Quizplus · Accepted Answer

This statement was made by economist Milton Friedman in his 1970 article "The Social Responsibility of Business is to Increase its Profits." Friedman argued that the only social responsibility of business is to increase profits for its shareholders, and that any other actions taken in the name of "social responsibility" were ultimately harmful to society.

________ Said, "The Social Responsibility of Business Is to Increase