Who said the following: "There is one and only one social responsibility of business-to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game,which is to say,engages in open and free competition without deception or fraud"?
A) Federal Reserve Chairman Ben Bernanke
B) Nobel Laureate Paul Krugman
C) President Barack Obama
D) Nobel Laureate Milton Friedman
E) President Ronald Reagan

Question

Quizplus · Accepted Answer

This statement was made by Milton Friedman, a Nobel Laureate in economics, in his book "Capitalism and Freedom" published in 1962. Friedman was a known advocate for free-market capitalism and this statement reflects his belief in the primacy of maximizing profits as the primary responsibility of businesses.

Who Said the Following: "There Is One and Only One