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Nobel Prize-Winning Economist Milton Friedman Believed That

Question 59

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Nobel Prize-winning economist Milton Friedman believed that


A) managers who pursue social initiatives with corporate funds are morally correct and are pursuing a path that is required regarding their fiduciary duties owed to stakeholders.
B) Adam Smith's belief - that the common good is best served when economic institutions don't pursue a common good but instead pursue an economic advantage - is wrong and misguided.
C) the only responsibility a business has is to maximize shareholder wealth.
D) a deliberate amorality in corporate decision making is discouraged.

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