Economist Milton Friedman argued that ethical behavior is really the same as:
A) unethical behavior.
B) wealth maximization.
C) wealth minimization.
D) ignoring the basic requirement of a market economy.

Question

Quizplus · Accepted Answer

Milton Friedman argued that the social responsibility of business is to maximize profits within the framework of legal and ethical standards. In other words, ethical behavior is the same as wealth maximization within the bounds of the law and ethical standards.

Economist Milton Friedman Argued That Ethical Behavior Is Really the Same