Milton F. Friedman's scientific contributions

Publication (1)

Chapter
When I hear businessmen speak eloquently about the “social responsibilities of business in a free-enterprise system”, I am reminded of the wonderful line about the Frenchman who discovered at the age of 70 that he had been speaking prose all his life. The businessmen believe that they are defending free enterprise when they declaim that business is...

Citations

... It also shows that a firm's environmental initiatives can produce numerous socio-economic benefits including enhanced firm profitability (Aigbedo, 2019). Friedman (2007) argues that profit maximisation is the primary CSR objective. Hence, Frederick (1992) shows that profit maximisation imperatives influence MNCs' CSR compliance. ...