The observation that "The one and only social responsibility of business is to increase its profits" can be attributed to:

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This statement is commonly associated with the economist and Nobel laureate Milton Friedman. In his 1970 New York Times Magazine article titled "The Social Responsibility of Business is to Increase its Profits," Friedman argued that the social responsibility of businesses is to maximize profits for their shareholders, rather than engage in activities that would benefit society as a whole.

The Observation That "The One and Only Social Responsibility of Business