Who said that the social responsibility of business is a "fundamentally subversive doctrine" and that the one social responsibility of business is "to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game..."?
A) Adam Smith
B) Edward Freeman
C) Archie Carroll
D) William C. Norris
E) Milton Friedman

Question

Quizplus · Accepted Answer

Milton Friedman, a Nobel Prize-winning economist, famously stated that the social responsibility of business is a "fundamentally subversive doctrine" and that the only social responsibility of business is "to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game." This view is often referred to as the "shareholder theory" of corporate social responsibility, which prioritizes maximizing shareholder value above all else.

Who Said That the Social Responsibility of Business Is a "Fundamentally