The most outspoken advocate of the classical view of social responsibility is economist and Nobel laureate __________.
A) John Keynes
B) Milton Friedman
C) Alan Greenspan
D) Robert Reich
E) John Galbraith

Question

Quizplus · Accepted Answer

Milton Friedman was a strong advocate of the classical view of social responsibility, which argues that the sole responsibility of a corporation is to maximize profits for its shareholders and that any other social responsibility is a violation of the corporation's fiduciary duty. He argued that corporations should not be expected to engage in activities that benefit society as a whole, and that such efforts should be left to government and individuals.

The Most Outspoken Advocate of the Classical View of Social