What does it mean to say that “business” has responsibiliti… - Milton Friedman

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What does it mean to say that “business” has responsibilities? Only people can have responsibilities. A corporation is an artificial person and in this sense may have artificial responsibilities, but “business” as a whole cannot be said to have responsibilities, even in this vague sense.

Milton Friedman

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About Milton Friedman

Milton Friedman (31 July 1912 – 16 November 2006) was an American economist noted for his support for free markets and a reduction in the size of government. In 1976 he was awarded a Nobel Prize in Economics.

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Alternative Names: Milton Galbraith Friedman

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Originators like Milton Friedman:

F.A. Hayek Ludwig von Mises Murray N. Rothbard Leonard Read Friedrich Hayek

Additional quotes by Milton Friedman

"The existence of a free market does not of course eliminate the need for government. On the contrary, government is essential both as a forum for determining the "rule of the game" and as an umpire to interpret and enforce the rules decided on."

The existence of a free market does not of course eliminate the need for government. On the contrary, government is essential both as a forum for determining the 'rule of the game' and as an umpire to interpret and enforce the rules decided on.

As liberals, we take freedom of the individual, or perhaps the family, as our ultimate goal in judging social arrangements. Freedom as a value in this sense has to do with the interrelations among people

What does it mean to say that “business” has responsibilities? Only people can have responsibilities. A corporation is an artificial person and in th… - Milton Friedman

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Additional quotes by Milton Friedman