"The social responsibility of business is to increase profits," is a well known quote from Milton Friedman, a Nobel Prize-winning economist.

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The Nobel Prize-winning economist Milton Friedman's now-famous dictum was "The social responsibility of business is to increase profits." Friedman contended that organizations may help improve the quality of life as long as such actions are directed at increasing profits.

"The Social Responsibility of Business Is to Increase Profits," Is