The classical view of social responsibility is that management's only social responsibility is to maximize profits.

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The classical view of social responsibility, popularized by economist Milton Friedman, holds that a company's only responsibility is to maximize profits for its shareholders. This view contrasts with more modern concepts such as corporate social responsibility and stakeholder theory, which emphasize the importance of considering the interests of a broader range of stakeholders, including customers, employees, and the wider community.

The Classical View of Social Responsibility Is That Management's Only